Cecil County recently issued $35 million in bond refunding saving the county $2.3 million in debt service. From the county’s press release,
“I am constantly looking for ways for County government to reduce costs,” stated County Executive Tari Moore. “This refunding of bonds has allowed us to take advantage of low interest rates to save the people of Cecil County millions of dollars in interest.”
In preparation for the bond issuance, Moody’s Investors Service and Standard and Poor’s reaffirmed the county’s AA bond rating.