Summary: Jackson, Michigan; Miscellaneous Tax Jun 11

  • ID: 1819382
  • June 2011
  • Region: Michigan
  • Standard & Poors
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Standard & Poor's Ratings Services affirmed its 'AA' rating on Jackson, Mich.'s Michigan Transportation Fund (MTF) bonds, series 2003. The rating reflects our view of the city's pledge of up to 50% of total gas and weight taxes received by the city from the state during the most recent fiscal year ended June 30, 2010 according to state law Act 51, Public Acts of Michigan, 1951, as amended. The outlook is stable. The bonds were issued pursuant to the provisions of Act 175, Public Acts of Michigan, 1952, as amended and Act 202, Public Acts of Michigan, 1943, as amended. The bonds are payable from moneys to be derived from state-collected taxes returned to Jackson from the MTF for highway...

Companies mentioned in this report are: Jackson
Action: Affirmed
Action: Outlook: Stable

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