Board of Supervisors Authorizes Sale of Bonds

Fairfax County Office of Public Affairs
12000 Government Center Parkway, Suite 551
Fairfax, VA 22035-0065
Contact: Merni Fitzgerald, Director of Public Affairs
703-324-3187, TTY 711, Fax 703-324-2010
Media Pager: 703-324-NEWS (6397)

Dec. 3, 2007

Board of Supervisors Authorizes Sale of Bonds

At its regular meeting on Dec. 3, the Fairfax County Board of Supervisors authorized the sale of $250 million in General Obligation Public Improvement Bonds in January 2008.

The county currently maintains its status as a top-rated issuer of tax-free securities from Moody’s Investors Service, Standard and Poor’s Corporation and Fitch Ratings. Fairfax County has the highest credit rating possible for a local government – Aaa from Moody’s Investors Service, AAA from Standard and Poor’s and AAA from Fitch Ratings.

Since 1978, the county has saved approximately $245.85 million on bond sales due to its Triple-A rating on new public improvement bonds. Including refunding sales, the county has saved more than $346.31 million as a result of the AAA rating.

The general obligation bond sale of $250 million includes an amount of $144.28 million for school facilities and $105.72 million for general county projects. The $105.72 million includes $53.6 million for county and regional park projects, $41.47 million for transportation projects, $4.65 million for public safety projects, $3 million for library facilities projects, and $3 million for public safety capital renewal.


For more news and information, visit

Fairfax County is committed to nondiscrimination on the basis of disability in all county programs, services and activities. To request this information in an alternate format, call the Office of Public Affairs at 703-324-3187, TTY 711.

Contact Fairfax County: Phone, Email or Twitter | Main Address: 12000 Government Center Parkway, Fairfax, VA 22035
Technical Questions: Web Administrator

ADA Accessibility | Website Accessibility
Awards | FOIA | Mobile | Using this Site | Web Disclaimer & Privacy Policy | Get Adobe Reader
Official site of the County of Fairfax, Virginia, © Copyright 2015

Website Feedback Website Feedback    Globe with various flags representing Web site language translations   Language Translations

Return to Graphic Version