The Clive City Council has approved a $45 million budget for the fiscal year that begins July 1. The budget, which will be funded in large part by a property tax levy of $10.14 per $1,000 of assessed valuation, includes $4.8 million in capital projects, including street improvements and rehabilitation of the Greenbelt Trail between 100th and 104th streets. Clive also is working on a traffic signal control system along Hickman Road with the cities of Urbandale and Windsor Heights. Clive also learned that Moody's Investor Service Inc. has upgraded the city's bond rating to Aaa. The rating, which has resulted in lower interest rates on the issue of city-backed bonds, resulted from "our expectation that the city's credit quality will remain strong due to the power of the regional economy, structurally balanced financial operations, and healthy reserve levels," Moody said. Aaa is Moody's top rating. Matt McQuillen, assistant city manager, said the rating helped secure an interest rate of 1.8 percent on a recent bond issue. Clive, Iowa City and West Des Moines are the only Iowa cities that have received the Aaa rating