Henrico County Achieves AAA Bond Rating through Financial Excellence and Transparency

August 12, 2025 | Henrico County, Virginia

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Henrico County Achieves AAA Bond Rating through Financial Excellence and Transparency

This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

As the evening sun dipped below the horizon, casting a warm glow over Henrico County's city hall, the Board of Supervisors convened to discuss matters of fiscal importance that could shape the county's financial future. The atmosphere buzzed with anticipation as residents tuned in via livestream, eager to hear about the county's impressive financial standing.

At the forefront of the meeting was a presentation by Sheila Minor, the county's Director of Finance, who shared the remarkable news that Henrico County has achieved a AAA bond rating from multiple agencies. This rating, the highest possible, reflects the county's financial excellence and stability, a feat accomplished through years of diligent preparation and transparent fiscal management. Minor noted that only 55 local governments nationwide hold such a prestigious rating, underscoring Henrico's exceptional standing.

The meeting highlighted the collaborative effort of eight county agencies that recently hosted visits from four bond rating agencies. These independent organizations meticulously evaluate the county's financial performance, economic stability, and management practices. Minor emphasized that maintaining this AAA rating is not merely a stroke of luck; it is the result of integrity and a commitment to transparency in financial dealings.

In a notable development, Minor announced that the county is working towards potentially achieving a fourth AAA rating from a new agency, which would place Henrico among only three local governments in the nation to reach such a milestone. This ambitious goal reflects the county's ongoing dedication to financial excellence and responsible governance.

The discussion also touched on the county's public data page, which provides residents with access to budget documents, economic analyses, and comprehensive financial reports. This initiative aims to foster transparency and keep the community informed about the county's financial health.

As the meeting progressed, the Board of Supervisors approved the minutes from previous meetings, setting the stage for further discussions on upcoming bond issuances. The commitment to fiscal responsibility and transparency resonated throughout the evening, leaving attendees with a sense of pride in Henrico County's financial achievements and a hopeful outlook for the future.

Converted from Henrico County - Board of Supervisors meeting on August 12, 2025
Link to Full Meeting

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