The City of Corpus Christi is calling for public input as it begins developing the Fiscal Year 2027 Budget by launching a community-wide survey.
Today, S&P Ratings lowered the City’s Utility System credit rating from an “AA-” to an “A.” S&P Ratings stated that the lowering of the City’s Utility System credit rating from an “AA-” to an “A” is the result of the current, acute drought risk as well as the potential for a Level 1 Water Emergency later this year.
The City of Corpus Christi has received notification from Fitch Ratings regarding a revision to the City’s financial outlook. While Fitch has affirmed the City’s ‘AA’ credit rating, indicating a very strong capacity to meet financial commitments, it has revised the Rating Outlook from “Stable” to “Negative.”
At today’s regularly scheduled City Council meeting, Mayor Paulette Guajardo and the City Council awarded a $2,027,560 construction contract to Crawford Henrichson and Crawford LLC for exterior renovations to the La Retama Central Library.
The City of Corpus Christi announced the successful sale of $296.87 million in Utility System Senior Lien Revenue Improvement and Refunding Bonds, Series 2025, which priced on June 26, 2025. The financing will fund vital infrastructure improvements and refinance prior debt at lower interest rates, delivering more than $8.2 million in savings for ratepayers.
The City of Corpus Christi has again earned strong credit ratings from two major national rating agencies ahead of its upcoming bond sale to fund utility system improvements.
