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C] <br />Budget Message, Page 3 <br />December 8, 2009 <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 />v ~, <br />~~~ <br />Kurt Ulrich <br />City Administrator. <br />Best regards, <br />• <br />