S&P Global gives county ‘AAA’ long-term rating

$36M earmarked for new police & fire training center

Standard & Poor’s (S&P) Global Ratings has assigned its highest possible ‘AAA’ long-term rating to Hamilton County’s anticipated $36 million Series 2025 ad valorem property tax lease rental bonds.

S&P also affirmed the county’s ‘AAA’ rating on its other outstanding general obligation and lease debt, with a stable outlook for the county’s finances.

Officials plan to use the bond proceeds to construct a public safety training facility for local police and fire departments. The training center is set to include classroom space, a four-story fire training burn tower, SWAT training area, outdoor firing range, and EMA training area. Officials hope to break ground on the project this year.

Dillinger

“We are proud to be able to fund this important public safety project with low-cost borrowing,” said Steve Dillinger, president of the Hamilton County Commissioners. “Our strong rating and stable outlook will allow us to finance essential projects, like the new training center, without placing additional burden on the taxpayer.”

S&P’s report emphasized the county’s “robust tax-base growth” and “strong budgetary management practices” and acknowledged Hamilton County’s status as one of the wealthiest counties in Indiana, noting that its financial standing enables it to manage debt levels effectively.

Maki

“We are thrilled to receive the ‘AAA’ rating,” said Sue Maki, president of the Hamilton County Council. “It underscores our county’s sound fiscal management, strong economic growth, and future financial stability.”