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Summary: Evergreen Park Village, Illinois; General Obligation Jan 10

  • ID: 1929429
  • January 2010
  • Region: Illinois
  • Standard & Poors
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Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to the village of Evergreen Park, Ill.'s series 2010 general obligation (GO) bonds. As a home-rule community, Evergreen Park is not subject to property tax caps and has access to a wide variety of revenue sources. The village's diverse revenues include property taxes, accounting for 28% of general fund revenues, and state sales tax collections generating another 20%. The village has the ability to levy home-rule sales, utility, and telecommunications taxes and currently is imposing a home-rule sales and telecommunication tax. These taxes generate millions of dollars in revenues for the village. Additional factors that support the credit rating include the village's: Participation in the Chicago metropolitan...

Companies mentioned in this report are:
- Evergreen Pk Vill

Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, READ MORE >

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- Evergreen Pk Vill

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