Henrico has AAA bond rating reaffirmed

Henrico County general obligation bonds, totaling $73.5 million, have been reaffirmed as AAA by Standard and Poor’s, Fitch and Moody’s, the nation’s leading debt-rating agencies.
 
Henrico becomes the first locality in the nation to have its debt reaffirmed as AAA — the highest rating available for a governmental entity — by the three agencies since the historic Standard and Poor’s downgrade of U. S. government debt on Aug. 5. 
 
The rating is particularly meaningful in light of the nation’s recent downgrade, Henrico County Manager Virgil R. Hazelett said.
 
“Due to the Board of Supervisors’ adherence to its long-established financial guidelines, Henrico’s fiscal health has remained strong, even in challenging economic times,” Hazelett said. 
 
Henrico’s Finance Director John A. Vithoulkas said the reaffirmation is a result of the county’s anticipated bond sale, which is expected within two weeks.
 
Henrico County initially received a bond rating of AAA from both Moody’s and Standard and Poor’s in 1977, becoming one of the first counties in the nation to receive the highest bond rating. In 1998, the newest agency — Fitch — also awarded the county the AAA bond rating. Henrico has maintained these ratings, allowing the county to obtain funds for infrastructure improvements under terms that have been extremely favorable for its residents.

Read more about Henrico's triple-AAA bond rating status in this Citizen article: http://www.henricocitizen.com/index.php/news/article/financial_status_has_paid_big_dividends_for_county_7623
Bail Bonds Chesterfield VA

Crime Stoppers’ Crime of the Week: May 22, 2017

This week, Crime Stoppers needs your help to find the suspects vandalizing Dominion Energy equipment in Varina.

On Feb. 6 and May 3, someone shot at equipment belonging to Dominion Energy. Both incidents occurred near Kingsland Road between the hours of midnight and 3 a.m. The equipment was damaged, causing a major inconvenience to customers who lost power and posing a safety hazard to people nearby. > Read more.

A place to excel

It's no surprise when a business deal begins to take shape during a golf outing.

Perhaps less common is the business deal that percolates during a youth football practice. But such was the case for Varina District Supervisor Tyrone Nelson.

During a visit to former Varina High School football star Michael Robinson's football camp, Nelson was discussing with Robinson his excitement for the new Varina Library, whose opening last June was at that time forthcoming.
> Read more.

Business in brief


Long & Foster Real Estate recently named Amy Enoch as the new manager of its Tuckahoe office. Enoch brings more than 15 years of real estate expertise to her new position, and she most recently led Long & Foster’s Village of Midlothian office. Enoch has served in both sales and management positions during her tenure at Long & Foster. Prior to her real estate career, Enoch worked in information technology and hospitality. She is a graduate of Radford University, where she earned a Bachelor of Science degree in economics, English and history. Enoch has also received the designation of Graduate, Realtor Institute (GRI) from the National Association of Realtors, and this showcases her expertise in the fundamentals of real estate. > Read more.

Henrico recognized as a 2017 ‘Playful City USA’ community


A national nonprofit organization, KaBOOM!, has selected Henrico County as a 2017 Playful City USA community. The organization encourages communities to bring fun and balanced activities to children every day.

Henrico's selection is joined by the city of Richmond, town of Ashland, as well as the counties of Charles City, Chesterfield, Goochland, Hanover, New Kent and Powhatan. All of the localities make up the first region completely recognized through Playful City USA. > Read more.

Gallagher Foundation serves more than 14,000 teens in first year


In its first year, The Cameron K. Gallagher Foundation reached 14,000 teens through its programs from Spring 2016 to date. The foundation is dedicated to spreading positivity and erasing stigmas by educating and creating awareness on depression, anxiety and stress among teens. CKG delivers programs at schools, community events and its West End office.

“Students are in need of the information in the workshops, whether they know it or not, and they aren’t getting it anywhere else,” said Beth Curry, Director of Health and Wellness at The Steward School. > Read more.

Henrico Business Bulletin Board

May 2017
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Join the History Investigators from 10 a.m. to 11 a.m. at Dabbs House, 3812 Nine Mile Rd. Your job will be to find hidden objects, determine the use of strange contraptions and go on a treasure hunt. Each investigator will receive a dossier to help in the quest. For ages 6-12 with a parent. Registration is required. For details, call 652-1426 or visit http://www.henrico.us/rec. Full text

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