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.

Moody's upgrades Tri-County Metropolitan Transportation District of Oregon payroll tax revenue bonds to Aaa; outlook stable