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First Coast Connect with Melissa Ross

Media Roundtable: Jax Bond Issuer Rating Downgraded Over Pension Costs

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Moody's
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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:

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.

Melissa Ross joined WJCT in 2009 with 20 years of experience in broadcasting, including stints in Cincinnati, Chicago, Orlando and Jacksonville. During her career as a television and radio news anchor and reporter, Melissa has won four regional Emmys for news and feature reporting.