Moody's Investors Service has completed a report that touts the fiscal virtues of 20 cities in the Beehive State.
"Despite the tremendous economic changes that affected the Rocky Mountain region over the last decade, municipal ratings in Utah have remained stable," the bond rating agency said in a news release yesterday.
In praising the fiscal health of Utah cities with more than 9,000 residents, the agency cited "conservative debt management, a diversified revenue structure, and a diverse economic base."
The agency said that Utah cities frequently pay costs as they incur them. When they do issue bonds, Utah cities back them with diverse revenue raisers including fees, various charges, and taxes on sales, property, and franchises.