Current debt levels, on a per capita basis, are below the average for Tennessee cities of 20,000 to 50,000 population. The City of Jackson has an investment-grade bond rating of A2. Jackson bonds typically receive interest rates assigned to bonds rated A1 or AA, and usually sell extremely well upon issuance. Investments The City has an investment policy that is patterned after the Government Finance Officers Association model policy. An investment committee oversees the policy and an advisory committee of bank officers has been established to consult with the investment committee.
Most investments are extremely short-term due to the tax collection cycle.
Short-term investments are normally kept in the Tennessee Local Government Investment Pool, which pays relatively high rates for overnight availability. The City also places funds by bid when rates are favorable. Certificates of Deposit with approved banks, Treasury instruments, and short-term notes of government agencies are used when rates allow.