The accolades STILL just keep coming!!
In November 2020, the City of Nashua has once again earned a Triple-A bond rating from Standard & Poor’s Financial Services. The Fitch Ratings agency has also given Nashua a Triple-A rating.
One big reason for these top ratings is that the City works hard to make sure we are accountable and smart with the money of Nashua’s hardworking taxpayers. We spend carefully and manage our money with caution. The City’s strong financial management and the overall health of our economy earned us these Triple-A ratings.
Nashua also has low debt compared with other cities. That is an important factor in the S&P rating.
Our Triple-A bond rating allows the City to borrow money at lower interest rates. That makes it cheaper for us to finance projects like the new middle school, our landfill, sewers, and paving. That benefits all of Nashua’s taxpayers.
Only a handful of communities in New Hampshire have Triple-A ratings from S&P and Fitch.
In August 2020, WalletHub (a personal finance web site) ranked Nashua as the 10th Best-Run City in the U.S.! That’s up from 13th in 2019!
WalletHub looked at the 150 most-populous cities in the country. WalletHub’s analysis shows that the quality of Nashua’s city services are among the best in the country and that Nashua City Government spends less per resident than 80 percent of other cities.
“But how do we measure the effectiveness of local leadership?” the study asks. “One way is by determining a city’s operating efficiency. In other words, we can learn how well city officials manage and spend public funds by comparing the quality of services residents receive against the city’s total budget.”
In 2018, WalletHub rated Nashua as the 9th best-run city in the US.
“Being repeatedly recognized by WalletHub and Money Magazine, as well as receiving a AAA bond rating from the Fitch and S&P, shows off the effectiveness and efficiency of Nashua’s city government,” Mayor Jim Donchess said.
In 2019, Money Magazine continued to rate Nashua as the best place to live in NH and #71 in the country. In New England, only Portland ME, Somerville MA and Brighton MA did better.