Op-Ed by Fate Mayor, David Billings: Real Conservative Governance – City of Fate

Fate, TX (February 18, 2025) – On February 6, 2025, I signed the City of Fate DPS bond issuance ordinance, officially approving the issuance of the voter-approved bond to support our Department of Public Safety.

First, let’s recap the facts.

• 62% of Fate voters approved the bond, demonstrating strong community support.
• The City of Fate held a competitive bond sale, attracting 12 bidders for our $20 million bond issuance.
• We maintained a prestigious “AA” credit rating from Standard & Poor’s, a testament to our strong financial management.
• No municipal bond insurance was required—further proof of our city’s solid financial standing.

Why Did We Earn a Strong “AA” Rating?
Our financial discipline and conservative approach to governance led to S&P reaffirming our rating due to:

• Consistently strong general fund trends
• “Very strong” reserves (120 days of operational funding)
• A well-funded pension plan with a manageable annual contribution
• Proven, forward-looking budgeting with formal debt and investment policies Potential for a ratings upgrade through continued economic growth and diversification

The Results? Lower Costs, Bigger Savings for Taxpayers

The city planned for a 5% interest rate — but thanks to our conservative financial management, we secured an exceptional 3.75% interest rate.

That saved taxpayers $14 per year — a direct benefit of our commitment to responsible governance.

This is what real conservative leadership looks like — fiscal discipline, strategic planning, and protecting taxpayer dollars while ensuring the safety and success of our growing community.

For Fate & Freedom

Submitted by David Billings. The publishing of any public announcement or paid political advertisement on this news site or in our print edition does not imply a political endorsement on the part of Blue Ribbon News; we welcome all candidates and officials to submit their announcements, positive news-related events, and paid political advertising.

  Fate, feature, mayor david billings