Media Roundtable: Jax Bond Issuer Rating Downgraded Over Pension Costs
Moody’s dealt a blow to Jacksonville's economic outlook this week.
The credit rating agency has downgraded Jacksonville's issuer rating and the rating on some special revenue bonds, citing the rising cost of the city's pension obligations as the reason.
This downgrades make it more difficult and costly for the city to borrow money. City officials knew the downgrade was coming and it adds even greater urgency to the task of pension reform.
Joining us on our regular Friday media roundtable to discuss this and other stories is our panel of local journalists:
- Jeff Billman, Folio Weekly columnist
- Fred Matthews, Examiner blogger
- Mark Woods, Florida Times-Union columnist
- Tim Gibbons, Jacksonville Business Journal editor
Additional topics include Jacksonville's water taxi service, Governor Rick Scott's signing of a bill approving specific strains of medical marijuana, and the signing of quarterback Blake Bortles to a four-year, $20.65 million contract with the Jacksonville Jaguars.
You can follow Melissa Ross on Twitter @MelissainJax.