| A Win for City, Phoenix Strong Credit Ratings Affirmed, Stable Outlook | https://www.phoenix.gov/newsroom/finance/2323 | Finance | | 4/26/2022 7:00:00 AM | https://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/2323/City-Hall-for-Newsroom.jpg | | A Win for City, Phoenix Strong Credit Ratings Affirmed, Stable Outlook | <div class="ExternalClass5F607FF94315468EBB29FC9DD59BCFA6"><html>The City of Phoenix's credit rating for General Obligation (GO) and Excise Tax bonds remain investment grade. The ratings were affirmed by Fitch Ratings (AAA), S&P Global Ratings (AA+) and Moody's Investor Service (Aa1). All three ratings have a stable outlook. <br><br>The City's strong credit ratings reduce the overall cost to the City when borrowing money for critical public projects.<br><br>In particular, Moody's Investors Service revised the GO bond outlook to stable from negative citing the City's “meaningful increases in pension contributions that will likely decrease liabilities over the long-term." <br><br>“While the regional economy was affected by the coronavirus outbreak, Phoenix's economic and tax base growth outperformed other parts of the U.S. Finances remain in a healthy position, supported by prudent budget management and revenue growth driven by the City's strong economy," reported Moody's Investors Service. <br><br>“Phoenix serves as the economic hub for the broader metropolitan statistical area (MSA), which has experienced strong and sustainable growth in recent years," said S&P Global in its ratings report. “While we acknowledge that the city demonstrated vulnerability during the early 2000s, as evidenced by significant property value swings during boom-and-bust cycles, we believe that the ongoing diversification and controlled growth has sustainably stabilized the tax base."<br><br>“These ratings are a testament to the elected officials and City Management who work diligently to make hard decisions that will ensure a strong financial position for the City," said Kathleen Gitkin, City of Phoenix Chief Financial Officer.<br><br>Phoenix is the fifth largest city in the country by population, with nearly a quarter of the entire state's population calling the Valley home. S&P Global Ratings and Fitch Ratings said Phoenix is financially prepared to sustain stability through any future economic uncertainty. <br><br>“We believe that the city's well-diversified tax base and steady growth has positioned the city well to endure recent economic cycles, as evidenced by its stability throughout the pandemic, as compared to its significant volatility during the Great Recession," wrote S&P Global. <br><br><p>Fitch Ratings “anticipates the city will manage through economic cycles with no material loss of overall financial resiliency." The rating “reflects solid economic and revenue growth prospects, and substantial operating reserves supporting an overall strong financial profile."<br></p></html></div> | https://www.phoenix.gov/finance | News | finance | Finance | | |
| Phoenix Works to Help Local Landscapers | https://www.phoenix.gov/newsroom/finance/2261 | Finance | | 3/8/2022 3:20:00 AM | https://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/2261/landscaper.bmp | | Phoenix Works to Help Local Landscapers | <div class="ExternalClass2CA2C7C315994863AF8792E05EC471E7"><html>
<p><span style="font-size:14.6667px;"><span style="color:windowtext;background-color:window;">Earlier this year, the City </span><span style="background-color:window;color:windowtext;">
</span><span style="color:windowtext;background-color:window;">of Phoenix Finance Department announced a breakthrough program to help local landscape businesses land a contract with the city.</span></span></p>
<p><span style="font-size:14.6667px;">After a successful introductory webinar in January with more than 100 attendees, the Finance Department is announcing upcoming virtual educational classes to help local landscape companies navigate the city's public contract process, in hopes to spread the wealth to smaller, underrepresented businesses.</span></p>
<p><span style="font-size:14.6667px;">The City of Phoenix will be offering the following virtual classes to assist local business owners:</span></p>
<p style="text-align:left;">
<strong>VENDOR SELF-REGISTRATION</strong>
<strong>: </strong>Vendors must be registered in the City's eProcurement Self-Registration System at <a target="_blank" href="/financesite/Pages/EProc-help.aspx">https://www.phoenix.gov/financesite/Pages/EProc-help.aspx</a> in order to receive solicitation notices, respond to solicitations and access procurement information. The City may, at its sole discretion, reject any offer from an Offeror who has not registered in the City's eProcurement system.<span style="background-color:window;color:windowtext;font-size:10pt;"> </span></p>
<p>
<strong style="font-size:17.3333px;">Week 1 - Training</strong>: Wednesday, March 9, 2022, at 10:00 a.m.<br><strong style="background-color:window;color:windowtext;font-size:10pt;">Topics:</strong><span style="background-color:window;color:windowtext;font-size:10pt;"> Vendor registration, commodity codes, finding and responding to a solicitation</span></p><strong style="background-color:window;color:windowtext;font-size:10pt;"><span style="font-size:17.3333px;">Week 2 - Pre-Offer Conference:</span></strong><span style="background-color:window;color:windowtext;font-size:10pt;"> Wednesday, March 16, 2022, at 10:00 a.m.</span>
<p>
<strong>Topics:</strong> Review the solicitation by section and answer vendor questions</p>
<p>
<strong style="font-size:17.3333px;">Week 3 Training</strong><span style="font-size:17.3333px;">:</span> Wednesday, March 23, 2022, at 10:00 a.m.<br><strong style="background-color:window;color:windowtext;font-size:10pt;">Topics:</strong><span style="background-color:window;color:windowtext;font-size:10pt;"> Developing a proposal, pitfalls, terms, and conditions</span></p>
<p>
<strong style="font-size:17.3333px;">Written Inquiries Due:</strong> Friday, March 25, 2022 </p>
<p>All written questions sent via email to the procurement officer by 2:00 p.m.<span style="background-color:window;color:windowtext;font-size:10pt;"> </span></p>
<p>
<strong style="font-size:17.3333px;">Week 4 - Training:</strong><span style="font-size:17.3333px;"> </span>Wednesday, March 30, 2022, at 10:00 a.m.</p>
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<strong>Topics:</strong> Post Contract Award: What's next: performance contract monitoring, invoicing and payments<br></p>
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<strong style="font-size:17.3333px;">Bids Due/Opening:</strong> Friday, April 8, 2022 at 2:00 p.m.</p>
<p>Submit to: <a target="_blank" href="mailto:procurement@phoenix.gov">procurement@phoenix.gov</a> </p>
<p>or </p>
<p>Finance Department<br><span style="background-color:window;color:windowtext;font-size:10pt;">251 W Washington St., 8</span><sup style="background-color:window;color:windowtext;">th</sup><span style="background-color:window;color:windowtext;font-size:10pt;"> Floor<br></span><span style="background-color:window;color:windowtext;font-size:10pt;">Phoenix, AZ 85013</span></p>
<p style="text-align:left;">
<strong>Important Notes:</strong>
</p>
<p style="text-align:left;">Offerors should not take exception to the solicitation requirements by marking up the solicitation or submittal/response in any way. All concerns or requests for modification should be e-mailed to the procurement officer <strong>prior to</strong> the due date. Offers submitted with added notes, strikethroughs, exceptions, or contingencies may be deemed non-responsive and eliminated from consideration for award.<br></p>
<p>Spanish interpretation services will be available for these trainings.</p>
<p>“This educational series is a great opportunity for local businesses in Phoenix." said T.J. Martin, Assistant Finance Director. ““The City of Phoenix Finance Department hopes to award multiple contracts with landscape businesses across Phoenix to help build the local economy by developing local businesses with real chances for consistent earning potential."</p>
<p>The City of Phoenix had a budgeted $24.6 million contract for landscaping between 2017 and 2022, almost $5 million annually! That contract expires on May 31, 2022, and Phoenix is looking for new, small business landscapers to contract with and share a piece of the pie!</p>
<p>
<span style="background-color:window;color:windowtext;font-size:10pt;">If you have any questions, contact the Finance Department at 602-262-7166.</span>
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</p>
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