Arlington County successfully issued $169.3 million in Series 2026 General Obligation Public Improvement and Refunding Bonds on June 3, 2026, securing a favorable 3.61% average interest rate. Bank of America submitted the winning bid among 10 competitors for the bonds, which will fund various County, schools, stormwater, and utilities capital projects previously approved by the County Board.
The bond sale also included the refunding of $8.4 million in older, higher-interest bonds, generating $374,000 in debt service savings for both the County and Arlington Public Schools. This financial success is attributed to Arlington County's Triple-AAA bond rating, which has been reaffirmed for the 26th consecutive year by Moody’s, Fitch Ratings, and Standard & Poor’s.
County officials highlighted the successful bond sale as further evidence of Arlington's strong economic position and effective financial management. General Obligation Bonds are 20-year debt instruments backed by the County's full faith and credit, with ratings based on the locality's ability to repay through taxes and revenues.