FAQ

Step 1 - Learn about the bonds

Read the Preliminary Official Statement (POS) available from this web site or from the participating brokers to learn more about the bonds, including their security, maturity dates, credit ratings, the types of projects they finance and other information that you may find important to help you make an informed investment decision. This website is not an offer to sell any bonds.

Step 2 - Open a brokerage account

You must have an account with one of the brokerage firms participating in the bond sale, or with another firm that can place an order through a brokerage firm participating in the bond sale. Please check to determine if your broker can place an order through the participating brokers. (If you have a brokerage account, go to Step 3.) If you do not have an account, you may open one and purchase bonds during the Retail Sale Order Period. 

Investors are encouraged to begin the New Account process well in advance of the sale date. Depending on the brokerage firm, internal new account procedures may take some time to process.

Step 3 - Place your order

Contact the broker with whom you have an account, either online or by phone, to get more information about how to buy bonds during the Retail Sales period. Discuss with the broker the number of bonds, the maturity date and the price at which you are willing to purchase the bonds, as well as any questions you may have from examining the Preliminary Official Statement (POS).

Review all projects in the 2022 Bond Referendum

Schools:

Davis Elementary School Rebuild

Highland Springs Elementary School Rebuild

Johnson Elementary School Renovation

Longan Elementary School Rebuild

Quioccasin Middle School Rebuild

New West End Elementary School

New Fairfield Elementary School

Living Classroom at Wilton Farm

Public Safety:

Firehouse 1 Relocation

Firehouse 6 Relocation

Firehouse 11 Rebuild

Firehouse  14, 15, 16, and 17 Improvements

Parks:

Three Chopt Area Park & Road Improvements

Deep Bottom Park

Tuckahoe Creek Park

Drainage;

Countywide drainage improvements

A bond rating is a grade given to bonds that indicates their credit quality. Independent rating services such as Standard & Poor's, Moody's Investors Service and Fitch Ratings Inc. provide these evaluations of a bond issuer's financial strength, or its ability to pay a bond's principal and interest in a timely fashion.

The bond rating is an important process because the rating alerts investors to the quality and stability of the bond. The rating greatly influences interest rates, investment appetite, and bond pricing. The independent rating agencies issue their ratings based on future expectations and outlook.

The County currently carries ratings from Standard & Poor’s , Moody’s Investors Service, and Fitch Ratings on all outstanding bonds.  For GO and lease revenue debt, all three have assigned a rating of “AAA” which is the highest possible rating. Recent affirmation of the top bond rating recognizes the commitment by the Board of Supervisors and staff to ensuring sound financial oversight of the County’s resources. The ratings demonstrate confidence of the rating agencies in the County’s ability to manage its finances.  This allows the County to ensure our tax dollars go farther by borrowing funds at the lowest possible interest rates.