The rating on Hennepin County, Minn.'s bonds reflects: * Strong and well-diversified economic base that includes the city of Minneapolis; * Consistently strong financial operations; and * Superior management performance in addressing capital needs while maintaining manageable debt. The county and its principal city, Minneapolis, anchor a strong regional economy that continues to outperform the nation. Population has increased steadily to 1,076,000, averaging 1% growth per year over the past eight years. Renewed strength in the downtown Minneapolis commercial tax base complements ongoing gains in suburban property values. Currently, several large commercial projects are underway or are planned. The county's $1.04 billion net tax capacity for fiscal 1998 reflects a slight decline due to statewide tax restructuring, and a $63...
Companies mentioned in this report are:
- Hennepin Cnty
Action: New Rating
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