Measure I Bond Program Implementation and Credit Rating Upgrade
Summary
The city successfully upgraded its credit ratings to AAA, lowering borrowing costs for the $400 million bond program. Staff provided updates on project timelines across six categories, including streets, parks, and public safety facilities.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed May 14, 2026.
Impact analysis
Saves millions of dollars in borrowing costs over 30 years through improved interest rates.
Santa Clara property owners and residents through optimized tax levies and improved public facilities.
Mentions & discussions (2)
Bond Compliance Oversight Committee — May 14, 2026
The city successfully upgraded its credit ratings to AAA, lowering borrowing costs for the $400 million bond program. Staff provided updates on project timelines across six categories, including streets, parks, and public safety facilities.
City Council and Authorities Concurrent — January 13, 2026
The city is issuing its first round of Measure I bonds, up to $100 million, to fund approved infrastructure and facility projects. Achieving a AAA credit rating will help lower borrowing costs for taxpayers.
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