August 2022
Branch Review C I T Y
O F
FA R M E R S
B R A N C H ,
T E X A S the official
city of farmers branch
NEWSLETTER
city’s bond rating improves to aaa For the first time in the history of Farmers Branch, S&P Global Ratings has issued a AAA bond rating for all of the City’s outstanding debt. This is the highest issuer credit rating assigned by the S&P Global Ratings. S&P has also assigned its ‘AAA’ long-term rating to the City’s anticipated $25.3 million taxable series COs, or certificates of obligation. Why does it matter? Bond Ratings are a method of evaluating relative credit risk and are issued before a city, state, or other public body can issue bonds to finance major Capital projects and neighborhood improvements. High ratings let the City borrow at lower interest rates, potentially saving the City millions of dollars in borrowing costs. S&P’s report on Farmers Branch also says “The outlook is stable. The upgrade reflects our view of the City’s improved income and property wealth metrics, benefiting from its participation in the dynamic Dallas-Fort Worth metroplex, as well as its consistently strong budgetary performance and maintenance of very strong available reserves.... the City is in a strong position to meet its debt obligations.” This benchmark has been a milestone goal of the City’s administration, as well as Councils present and past.
family night in the park featuring sing 2
FAMILY august 20 | 5-10:30 pm historical park
Join us for Family Night in the Park, Saturday, August 20 at the Farmers Branch Historical Park. Enjoy a fun-filled evening great for all ages. We’ll be dancing with Graceland Ninjas, the King of Party Bands, keeping the kiddos entertained with lots of free kids activities and settling down for the hit musical comedy, Sing 2. Admission is free. Gates open at 5 p.m. and the movie begins around dusk. Chairs and blankets are encouraged. Food and beverages will be available for sale. For full event details visit fbspecialevents.com.
farmersbranchtx.gov
Citizens police academy NOW accepting Registrations for fall Session The Farmers Branch Police Department Citizen Police Academy is a 33hour block of instruction designed to give the public a working knowledge of the Police Department’s personnel and policies. The Academy consists of a series of three-hour classes held at the Farmers Branch Justice Center once a week for eleven consecutive weeks on Thursday evenings from 6:30 p.m. - 9:30 p.m. The instruction is comprehensive and covers such diverse topics as training, communications, patrol, criminal investigations, crime scene search, crime prevention, and many more. The Academy is free and open to anyone who lives or works in Farmers Branch and is 18 years and older. The next session will begin September 1 and registrations will be accepted until the class is full. Register online at farmersbranchtx. gov/cpa