As a former analyst for a Fortune 100 company with an MBA from Vanderbilt, Mayor Reed successfully shepherded the city’s finances amid the heights of the COVID-19 pandemic and its sweeping effects on public and private sector budgets. He maintained a balanced budget – ensuring the City did not touch reserves, borrow money or initiate layoffs. Thanks to Mayor Reed’s expertise, Montgomery is in the best financial condition of any city coming out of the pandemic:

• Retained AA bond rating from Fitch Ratings, including AAA rating for operational performance

• Highest Business Confidence Index score of any Alabama city, according to researchers from the University of Alabama.  At 70.6, Montgomery earned its best score since before the Great Recession in this research survey. 

• Refunded more than $152 million in debt and secured new bond revenue with significantly better rates – saving taxpayers nearly $20 million.