Northbrook Village Manager, Cara Pavlicek, has announced that the Village of Northbrook’s long-term rating of general obligation dept has been reaffirmed as the highest possible board rating - Aaa from Moody’s and AAA from S&P Global Ratings. These ratings reflect Northbrook’s responsible budgeting, strong management practices, and strong local economy.
The ratings review come as the Village prepares to issue bonds to support major infrastructure investments, including Advanced Metering Infrastructure (AMI) and the initial funding for the new Fleet Maintenance Garage and Fire Station 11 facilities. The bond issuance will be presented at a future Village Board meeting, consistent with the Fiscal Year 2026 adopted budget.
In addition, the Village is proud to announce that it has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) for its Fiscal Year 2024 Annual Comprehensive Financial Report. This prestigious award is the highest form of recognition in governmental accounting and financial reporting, highlighting the Village’s ongoing commitment to transparency, accountability, and excellence in financial management.
Village Manager Pavlicek would like to acknowledge Chief Financial Officer Steve Drazner, Deputy Chief Financial Officer Anita Bozic, and the entire Finance Department for their financial reporting work.
Learn More on our Village Finances Page!