News Flash Home
The original item was published from 12/15/2022 3:55:58 PM to 12/15/2022 4:10:21 PM.

News Flash

1. Madison News

Posted on: December 15, 2022

[ARCHIVED] Press Release

press release

TOWN OF MADISON, CONNECTICUT

PRESS RELEASE


December 15, 2022 - On Tuesday, December 13th the Town of Madison sold $8,200,000 in one-year bond anticipation notes through a competitive bid process.  The notes were purchased by Jefferies LLC at an effective rate of 2.772%.  The Town received a total of 6 bids on the notes with rates ranging from 2.77% to 3.79%.

According to the Town’s municipal advisor, Munistat Services, Inc., the Town’s debt is attractive to municipal bond investors because of the Town’s superior bond rating and strong reputation in the market.  

In connection with the sale, Moody’s Investors Service affirmed the Town’s “Aaa” long-term bond rating and applied its highest short-term rating, “Moody’s Investment Grade 1”, to the notes.  In its rating report, Moody’s described the Town as having “above average resident income and economic growth that is comparable to national performance” as well as “a strong financial position highlighted by solid fund balance and liquidity and low long-term liabilities and annual fixed costs” as key rating drivers.  

Proceeds of the notes will be used to finance a new elementary school and renovation of the former Academy school to a Community Center.  The notes are the first installment of a series of debt issuances planned for those projects over the next five to six years.

The Town was assisted in the sale by Munistat Services, Inc. of Madison as municipal advisor and Shipman & Goodwin of Hartford as bond counsel.

Facebook Twitter Email

Other News in 1. Madison News

Calendar of events for the Town of Madison, Connecticut

This Week in Madison

Posted on: February 26, 2024
Madison Connecticut - First Selectwoman's Community Update

First Selectwoman's Community Update

Posted on: February 16, 2024
snow storm alert from the Town of Madison

Winter Storm Alert

Posted on: February 12, 2024
Madison First Selectwoman's Community Update on Groundhog's Day

First Selectwoman's Community Update

Posted on: February 2, 2024 | Last Modified on: February 15, 2024
Notice from the Tax Collector

Tax Payment Reminder

Posted on: January 25, 2024
First Selectwoman's Community Update

First Selectwoman's Community Update

Posted on: January 19, 2024
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: January 5, 2024
Notice from the Tax Collector

Tax Payment Reminder

Posted on: December 27, 2023
Community Update dec (6)

First Selectwoman's Community Update

Posted on: December 22, 2023
storm alert for madison ct

Storm Alert 12-17-23

Posted on: December 17, 2023
Linked-Together

Autism Safety Alert Program

Posted on: December 13, 2023
press release-2

Press Release

Posted on: December 8, 2023
First Selectwoman Community Update - Hanukkah

First Selectwoman's Community Update

Posted on: December 8, 2023
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: November 24, 2023
Madison Employees Charitable Giving - Campus Cares

Campus Cares

Posted on: November 20, 2023
Community Update - Madison Town Seal with autumn leaves

First Selectwoman's Community Update

Posted on: November 10, 2023
Municipal Election 11-7-23 Final Results. Madison, Connecticut

Municipal Election Final Results

Posted on: November 7, 2023
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: October 27, 2023
Madison-Town-Seal-with-pink-ribbon

Breast Cancer Awareness Month

Posted on: October 17, 2023
Madison-Town-Seal-with-purple-ribbon

Domestic Violence Awareness Month

Posted on: October 17, 2023
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: October 13, 2023

Madison Awarded $401K STEAP Grant

Posted on: October 2, 2023
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: September 15, 2023
Eversource Transmission Right of Way Reliability Program  Presentation September 2023

Eversource TRRP Program

Posted on: September 14, 2023
Public Hearing

Public Hearing Notice

Posted on: September 11, 2023
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: September 1, 2023
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: August 18, 2023
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: August 4, 2023
Tutti 2023

Meet Madison's Top Dog

Posted on: July 19, 2023
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: July 21, 2023
First Selectwoman's community update

Madison Community Update

Posted on: July 7, 2023
First Selectwoman's community update

Community Update

Posted on: June 23, 2023
budget referendum final results

Budget Referendum Final Results

Posted on: May 16, 2023
First Selectwoman's community update

Community Update

Posted on: April 28, 2023
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: April 14, 2023
First Selectwoman's community update

First Selectwoman's Community Update

Posted on: March 31, 2023
First Selectwoman's Community Update

First Selectwoman's Community Update

Posted on: March 17, 2023
First Selectwoman's Community Update

First Selectwoman's Community Update

Posted on: March 3, 2023