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<br />Budget Message, Page 3 <br />December 11, 2007 <br /> <br />Summary <br /> <br />The financial health of the City is sound. Moody's Investor's Service recently upgraded the <br />City's bond rating to "Aa3". This was a direct result of sound fiscal management and long term, <br />well documented financing plans delivered by the Council. As has been, and will continue to be, <br />the City's ability to deliver services is closely tied to the financial position of the State and <br />actions taken by the Legislature. <br /> <br />;;JJfl-- <br /> <br /> <br />Kurt Ulrich <br />City Administrator <br />