Hamilton Township is pleased to announce that its long-term bond rate has been reaffirmed at “AA” – the third highest rating - reflecting the municipality's strong economic performance and financial responsibility. This reaffirmation solidifies the Township's position as a reliable investment opportunity for stakeholders especially during a time of inflation and high interest rates.
Using information from 2022, the S&P report specifically talked about Hamilton Township consistently demonstrating signs of a strong economy over the past years. The township’s unemployment rate remains low at 3.2%, emphasizing the Township's resilient job market. The market value of property in Hamilton has also has also experienced substantial growth, reaching $11,767,612,000 in 2022 compared to $10,504,163,000 in 2021, and $9,530,775,000 in 2020. Additionally, with overall net debt at 2.4% of market value, practical debt management techniques are displayed.
“I am proud of the work of our finance team here in Hamilton to provide sound financial practices to have our long-term bond rating reaffirmed at AA,” said Mayor Jeff Martin. “This affirmation will help keep more money in the pockets of our taxpayers by keep our interest payments low.”