News Release: Fitch upgrades RTA bond ratings

Fitch Ratings, a U.S. credit rating agency, announced on Sept. 30 that it has upgraded the Regional Transportation Authority’s outstanding excise tax revenue bonds of $128.8 million to AA+ from AA, and the rating outlook is stable. The RTA, which is the fiscal manager of a 20-year regional transportation plan and half-cent tax approved by … Read more

RTA funding: a primer

The primary funding source for Regional Transportation Authority plan projects is from the RTA’s voter-approved half-cent (excise) sales tax. The RTA tax is levied on taxable goods and services throughout Pima County to pay for the projects in the 20-year regional transportation plan. Both the plan and tax were approved by Pima County voters in … Read more