This page will allow you to see what we send to the media, whether it makes it into print or not. The city publicizes projects, programs, achievements, safety tips, ordinances, Council actions, public notices, special events, and much, much more through News Releases.
The city also operates two Municipal Access cable channels, LVTV Prime and LVTV Leisure, available on the basic tier of the Time Warner and Verizon VFIOS cable systems. LVTV Prime (TW-16, VF-15) broadcasts programs and announcements with basic information about city events and operations, while LVTV Leisure (TW-96, VF-16) focuses on the parks and recreation field.
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Fitch and S&P affirm City’s “AAA” bond ratings
Fitch and Standard & Poor’s have both affirmed the City of Lewisville’s “AAA” ratings on its general obligation debt and its water and sewer revenue bond debt. This AAA rating is the highest possible credit rating given by both Standard & Poor’s and Fitch. This is a reaffirmation of the AAA rating the City first achieved in 2013 and has received every year since.
Unlike personal credit scores, a municipal credit rating is a measure of an issuer’s overall fiscal health. According to the rating agencies, factors leading to Lewisville’s AAA ratings included:
- Adequate economy, with access to the broad and diverse Dallas-Fort Worth-Arlington metropolitan area;
- Very strong management, with “Strong” financial policies and practices;
- Strong budgetary performance, with balanced operating results in the general fund and an operating surplus at the total governmental fund level;
- Very strong budgetary flexibility;
- Very strong liquidity;
- Adequate debt and contingent liability position;
- Strong institutional framework score
In January, the City of Lewisville sold $14,365,000 in General Obligation Refunding and Improvement Bonds for design and improvements to city streets, sidewalks, and drainage systems. The money also was used for design and construction of improvements to public safety facilities, including fire stations, and costs associated with issuance of the bonds. The authorization for this new money was approved by voters in the November 2015 bond election.
Also in January, $11,025,000 in Waterworks and Sewer System Revenue Refunding and Improvement Bonds were sold to start the Timbercreek project, Vista Ridge and Whippoorwill Lift Station improvements, the South Kealy and College Street water and sewer line replacements, and other water and sewer infrastructure improvements throughout the city. The proceeds from this sale also provide money to refund $5,280,000 of the 2009 revenue bonds, which will lower the City’s overall debt payments.