TITLE: Congratulating the City of Richardson on receiving an AAA rating from the Standard & Poor's and Moody's credit rating agencies.

SUMMARY: Congratulating the City of Richardson on receiving an AAA rating from the Standard & Poor's and Moody's credit rating agencies.

FULL TEXT:
WHEREAS, For the fourth consecutive year, the City of Richardson has earned a coveted AAA bond rating from the Standard & Poor's and Moody's credit rating agencies; and WHEREAS, Richardson is one of only five communities in Texas to hold "Triple A" ratings from both agencies; when assigning the rating, both S&P and Moody's praised the city's participation in the Dallas-Fort Worth Metroplex economy, its tenured and responsive city management, and its strong financial policies and practices; and WHEREAS, Internationally known as a center for high-tech innovation, Richardson is home to more than 5,000 businesses, including a number of the world's largest telecommunications companies; this sizable tax base also significantly contributes to the city's success; and WHEREAS, The leaders of Richardson are dedicated to ensuring the long-term fiscal resilience of their community, and their outstanding oversight and guidance today will continue to benefit residents well into the future; now, therefore, be it RESOLVED, That the House of Representatives of the 83rd Texas Legislature hereby congratulate the City of Richardson on receiving AAA rating from the Standard & Poor's and Moody's credit rating agencies and extend to the city's staff and elected officials sincere best wishes for continued success. Carter Speaker of the House I certify that H.R. No. 1236 was adopted by the House on April 17, 2013, by a non-record vote. Chief Clerk of the House