Recently Highlands Ranch Metro District received some really good news recently. Standard & Poor's rated our municipal bonds as AA+! We can be proud of our 27 year history of strong financial management.
If you don't own a home here in Highlands Ranch, you may not know that we are no an incorporated city. Instead we are governed by Highlands Ranch Metro District.
According to Standard & Poor's, the rating reflects
- An almost built-out community which shows strong income and income levels and financial performance and reserves.
- Being part of the broad and diversified Denver metro area economy with very strong district wealth and extremely strong per capita market value.
- A uniform and affordable property tax levy.
- Strong financial performance, very strong reserves, and limited operation pressure or future obligations.
- A moderate overlapping debt burden with no additional debt plans with plans to pay off all debt in advance of maturity based on the current tax levy.
Highlands Ranch is made up of seven districts which form the Metro District. Recently, voters of six of those districts chose to allow those districts to consolidate to save money and create a better atmosphere of cooperation and commonality. The 5th District chose to stay as a separate entity although they still are a voting part of the Metro Districts. There is a Metro District Board of Directors with each one representing a different district. Then there is an Advisory Board of Directors and a Metro District No. 5 Board of Directors.
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