As Fishers city officials continue work on the 2021 budget, they received a piece of very good news.  It was announced Tuesday the bond rating agency of Standard & Poor’s has given the City of Fishers a AAA bond rating.

What does that mean?  Essentially, the city can borrow money at lower interest rates and pay less for some insurance premiums.

“This rating affirms the direction of our city, intentionally growing at a rate that ensures long term fiscal sustainability,” Fishers Mayor Scott Fadness said in a city news release. “By achieving this year-over-year, we are able to pass along that savings to the taxpayer and better leverage those dollars to provide the quality of life we pride ourselves for in Fishers.”

According to the city, S&P evaluated the overall economic vitality of Fishers and took into consideration the fiscal practices of city government.

S&P also took into account the city’s handling of the COVID-19 pandemic in providing the AAA rating, the highest rating a city can have.

The 2021 Fishers City Budget will be presented to the City Council on September 21, with a public hearing to follow. The Council will vote on a final budget during the October City Council meeting. For more information, visit www.fishers.in.us/Budget.