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Collier County Earns Major Bond Rating Upgrade: What It Means for You

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Naples Paradise Living

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Dec 19, 2024

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Florida - Southwest

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Moody’s recently upgraded Collier County’s Series 2018 Tourist Development Tax Revenue Bonds by two notches—from Aa3 to Aa1—an uncommon and impressive achievement. This upgrade reflects the county’s financial strength, fueled by growing tourism revenues and strategic fiscal management.

Why This Matters

This upgrade allows Collier County to borrow at lower interest rates, potentially saving taxpayers millions. For senior citizens, this means:

• Improved Services: Savings can possibly fund critical projects such as better transportation, healthcare facilities, and senior centers.

• Tax Stability: Lower borrowing costs help keep property taxes steady, a relief for those on fixed incomes.

• Enhanced Quality of Life: A strong tourism economy supports parks, cultural activities, and infrastructure which many seniors can enjoy.

This achievement highlights the county’s commitment to financial responsibility and delivering lasting benefits for Collier County residents of all ages.

For more details, contact Derek M. Johnssen at (239) 252-7863 or visit emma.msrb.org.

#CollierCounty #FinancialStrength #SeniorLiving

Collier County Earns Major Bond Rating Upgrade: What It Means for You

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