Arlington Sells Bonds, Generates Debt Service Savings

On June 3, 2026, Arlington County issued $169.3 million in Series 2026 General Obligation (GO) Public Improvement and Refunding Bonds. The bonds received a total of 10 bids in a competitive sale, with Bank of America submitting the winning bid with a 3.61% average interest rate. 

Proceeds of the sale will finance various County, schools, stormwater, and utilities capital projects, as approved by the County Board in May. Additionally, the County’s refunding of $8.4 million of previously issued higher interest rate bonds generated $374,000 of debt service savings for the County and Arlington Public Schools through this sale.   

The low interest rates received on this year’s bonds are a result of the County’s Triple-AAA rating, which was reaffirmed for the 26th consecutive year by Moody’s, Fitch Rating’s, and Standard & Poor’s. The successful bond sale is another affirmation of the County’s economic strength and high-quality financial management. 

About General Obligation Bonds 

General Obligation Bonds are debt instruments issued by states and local governments to raise funds for public projects. Arlington's GO bonds are 20-year bonds backed by the County's full faith and credit. Ratings agencies base their bond ratings on their analysis of the locality's ability to pay back bonds through taxes and revenues. Learn more about how the County uses bonds.