Cecil County has successfully completed the issuance of $49,650,000 in Public Improvement Bonds to support key projects outlined in the County’s adopted Capital Improvement Plan.

The bond proceeds will fund critical investments in emergency services, law enforcement, Cecil College, public schools, libraries, roadway enhancements, and major public works initiatives.

Ahead of the issuance, the County’s credit strength was reaffirmed with an Aa1 rating from Moody’s Investors Service and an AA+ rating from Standard & Poor’s, both with a stable outlook. In their assessments, the rating agencies cited the County’s healthy reserve levels, strong liquidity, conservative budgeting practices, and long-term financial planning policies. They also highlighted Cecil County’s diverse and expanding economic base, underscoring confidence in the County’s continued financial stability.

Cecil County Executive Adam Streight praised the positive ratings and the bond issuance as a testament to the County’s responsible financial stewardship:

“While we hear news of record-setting deficits and fiscal challenges with the State of Maryland, I am proud that Cecil County has maintained our AA+ rating through strong economic development, strategic investments, growth of our fund balance and unwavering support for education and public safety. Our success is the result of sound, sustainable, and commonsense fiscal management. This is a bedrock of my administration as we continue to strengthen Cecil County’s economic position that will keep us on the pathway to success.”

These strong credit ratings help ensure that Cecil County can borrow at highly competitive interest rates, reducing costs for taxpayers while enabling continued investment in infrastructure, public safety, and community services