Henrico has AAA bond rating reaffirmed
County becomes first in the nation to earn such reaffirmation
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
Holman Middle School student Victoria Nguyen recently was named Miss Virginia American Coed Junior Teen after competing in the Miss Virginia American Coed pageant in Williamsburg. She was the youngest competitor in her division. Nguyen now will advance to represent Virginia at the 2015 Miss American Junior Teen Pageant at Walt Disney World in Florida in November. > Read more.
Companion Extraordinaire dedicated a hall in its new Lakeside office as a “Wall of Honor” and will be presenting 13 military service men and women with certificates as well as placing their service photos on the wall.
> Read more.
Public vote open through Friday to select winner
Citizen Staff Reports
Malloy is a finalist for The Goddard School Anthony A. Martino Scholarship, which is open annually to any high school junior or senior who graduated from a Goddard School pre-kindergarten or kindergarten program. Applicants are evaluated based upon the work ethic and perseverance they have demonstrated – two key characteristics of Martino, the founder of the Goddard School franchise system. > Read more.
Music lovers unite! There are several great concerts this weekend beginning with Innsbrook After Hours who will be kicking off their 30th season with Foreigner, Lee Brice, and Rusted Root & The Wailers. The Richmond Women’s Chorus will present “Let Freedom Sing” at the Henrico Theatre tonight; The Taters will perform tomorrow at The Tin Pan; and the Richmond Choral Society will present “Sentimental Journey III” on Sunday at the Henrico Theatre. For all our top picks this weekend, click here! > Read more.
Disneynature’s ‘Monkey Kingdom’ is its strongest yet
“Did you know monkeys could swim?” asks Tina Fey in Monkey Kingdom. While she’s asking, a toque macaque (a two foot-long monkey with red-white fur and great hair) breast-strokes under the surface of a pond, yanking out lily pad flowers by her teeth and dragging them ashore to munch later.
Turns out monkeys can swim. And slide down telephone poles. And do the thing from Flashdance where you bring down a cascade of water on your head and shake it off in slow-motion.
All will happen in Monkey Kingdom, the eighth film in nine years from Disneynature, Disney’s wildlife documentary outlet. > Read more.
Relax this holiday weekend with Fridays Uncorked at Southern Season – taste wines from the Roman Empire! Or at James River Cellars who is hosting “Experience Virginia” – sample Virginia wine, beer, cider and mead. And what goes better with wine than strawberries – an annual tradition in Varina, the Gallmeyer Farms’ Strawberry Fields Festival is tomorrow. Other fun happenings this weekend include: “A Little Princess” at The Cultural Arts Center at Glen Allen; weekly dance at American Legion Post 125; and National Theatre Live’s “Man and Superman” at the University of Richmond. For all our top picks this weekend, click here! > Read more.
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CalendarVarina District Supervisor Tyrone E. Nelson will hold Community Conversations meetings on June 1 at 7 p.m. at Dorey Park Recreation Center; and on June 2 at 2 p.m. at… Full text