2020 Bond Issuance

2020 Rating Agency Reports- General

In August 2020, County representatives met with Fitch, Moody’s and Standard & Poor’s to present current economic and financial information pertaining to Spotsylvania County.  The presentation is available here.


2020 General Obligation Bond Issuance

On July 28, 2020, the Board of Supervisors approved the issuance of up to $51.0 million in General Obligation (GO) bonds to refund previously issued bonds for debt service savings and to finance the following projects:

  • Exit 118 improvements; and
  • School technology, bus replacements, and school building capital maintenance.

Executive Summary from July 28, 2020 Board of Supervisors Meeting
Resolution Adopted by Board of Supervisors on July 28, 2020


2020 Water/Sewer Bond Issuance

On August 25, 2020, the Board of Supervisors is scheduled to hold a public hearing and take action on the issuance of up to
$86.7 million in Water & Sewer System Revenue & Refunding (W/S) bonds to refund previously issued bonds for debt service savings and to finance approximately $17.4 million for the following projects:

  • Thornburg Distribution Improvements;
  • Harrison Road Waterline;
  • Pump Station 24 Relocation;
  • Thornburg Wastewater Treatment Plant Upgrade; and
  • Deep Run Sewer Rehabilitation.

Brief project descriptions may be found here. Additional documentation for the public hearing to be held on this matter on
August 25, 2020 is posted below.