Bond rating service Fitch, has rated the City of Winter Haven's 2007 series bonds an A+. That's good news I guess :-)

Fitch has assigned an 'A+' rating to Winter Haven's $23 million public improvement refunding revenue bonds, series 2007. The city's financial position is healthy due to sound financial management and strong growth in property tax revenue receipts, Fitch said.

According to unaudited financial results for fiscal 2006, a nominal operating surplus increased the unreserved general fund balance to $6.1 million, "equal to a strong 21.8 percent of general fund spending and transfers," the rating agency said in a release.

While the city is still lagging behind Lakeland in infrastructure, you can't spend what you don't have.