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• <br />Page Two <br />July 20, 1987 <br />RE: Recommended Tax Rate for FY 87-88 <br /> <br />6. P~taintaining credibility with "few York; Bond Rating agencies which <br />consider such things as: <br />o Overall governmental structure with special concerns to the <br />sound administration of La Po rte's fiscal policies. <br />o Effectiveness of capital planning and the timely execution <br />and completion of current capital projects. <br />o Effectiveness of current fiscal strategies tempered by long <br />range fiscal planning. <br />o Quality of revenue administration - passive vs. active <br />collector of taxes <br />o Reputation for prudent financial management <br />o Conditions of the physical plant improvements <br />o Contingent liabilities <br />o Debt fund management and growth philosophies. <br />JJ/tla <br />