Trimess

Trimess
FOLLOW THE TWITTER FEED FOR UPDATES

Tuesday, August 25, 2015

TRIMET TAKING PORTLAND TAX PAYERS INTO DEBT

And this is all done by the unaccountable board of sock puppets who get to do these things WITHOUT voter approval
Issue: Senior Lien Payroll Tax Revenue Bonds, Series 2015A; Rating: Aaa; Sale Amount: $70,000,000; Expected Sale Date: 09-09-2015; Rating Description: Special Tax: Transportation - Related
Issue: Senior Lien Payroll Tax Revenue Refunding Bonds, Series 2015B; Rating: Aaa; Sale Amount: $65,700,000; Expected Sale Date: 09-09-2015; Rating Description: Special Tax: Transportation - Related
Opinion
Moody's Investors Service has upgraded to Aaa from Aa1 the Tri-County Metropolitan Transportation District of Oregon's (TriMet) Senior Lien Payroll Tax Revenue Bonds. Concurrently, we have assigned a Aaa rating to its $70 million Series 2015A and $65.7 million Series 2015B bonds, expected to price on September 9.

No comments: