Tempe earns highest credit rating possible

May 19, 2026

These ratings reinforce the City's reputation for strong fiscal stewardship and position Tempe to continue financing important capital projects at the lowest possible cost to taxpayers. They reflect Tempe's strong financial position, sound fiscal management, resilient local economy, and broad, stable revenue base.

"Providing the best possible service for resident tax dollars starts with fiscal responsibility. I am proud of our CFO and Deputy City Manager Lisette Camacho as well as our Financial Services staff for their work to ensure we earn and maintain these high ratings," said Tempe Mayor Corey Woods.

The rating agencies specifically highlighted the City's strong reserve levels, proactive budget management, long-term financial planning practices and manageable debt profile.

Maintaining a high credit rating is significant because it allows the City to access lower borrowing costs, attract a broader pool of investors, and strengthen its overall financial credibility. The Stable Outlook rating indicates confidence that Tempe will continue to effectively manage future challenges.

Interested in learning more about the City of Tempe's annual budget and financial data? Please visit Tempe's Open Book$ Financial Transparency Portal to view the City's financial reports.