LTGOLimited Tax General Obligation
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The LTGO bonds are payable from a pledge of the county's full faith and credit and taxing power, subject to a 2011 state statute limiting property tax increases to the lesser of 2% or an inflation factor (the tax cap law).
29 April 2010 - S&P on Wednesday gave its AA rating to Auburn, Washington's series 2010A limited-tax general obligation (LTGO) refunding bonds, 2010B LTGO taxable Build America Bonds (BABs), 2010C LTGO bonds, and 2010D LTGO taxable BABs.
The LTGO bonds are payable from ad valorem taxes levied on all taxable property within the 10-mill limitation imposed by Ohio law.
The LTGO bonds are secured by the city's full faith and credit and its ad valorem tax, subject to a 10-mill limitation.
--$15 million LTGO refunding bonds, taxable series 2018C;
The city's 'AA' IDR and LTGO rating reflect its strong operating performance, supported by moderate long-term liabilities and solid expenditure control.
The county's pledge on LTGO bonds is constrained by property tax levy growth of 1% per year, plus new construction, and a rate cap of $1.80 per $1,000 of taxable assessed value (TAV).
The 'A-' IDR and limited tax GO (LTGO) ratings reflect the district's weaker net leverage profile under a stress scenario through the cycle relative to its weak operating profile and strong revenue defensibility.
Securities and Exchange Commission, assigned an 'A-' rating to the following Suffolk County, NY offering: --$49 million limited tax general obligation (LTGO) public improvement serial bonds 2018 series A.
--$1 billion limited tax general obligation (LTGO) bonds at 'A-';
The port currently levies about $72 million in property taxes against $43.4 million on annual LTGO debt service.
The 'AA-' rating on the LTGO bonds reflects the port's strong and diverse tax base as well as its taxing authority, including the legal authority to levy property taxes up to about $102 million (increasing by 1% per year plus new construction) and up to a tax rate of $0.45 per $100 taxable assessed value (TAV).