Cecil County issued $49.6 million in Public Improvement Bonds to advance projects in the County’s adopted Capital Improvement Plan. The funding supports emergency services, law enforcement, Cecil College, public schools, libraries, significant public works, and roadway improvements.
In addition, Moody’s reaffirmed its Aa1 rating and Standard & Poor’s affirmed its AA+ rating, both with stable outlooks.
The ratings agencies pointed to healthy reserves, strong liquidity, conservative budgeting, and long-term financial planning. They also noted the County’s diverse and growing economic base.
“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,” said County Executive Adam Streight. “Our success is the result of sound, sustainable, and commonsense fiscal management.”
These ratings allow Cecil County to borrow at competitive rates and continue investing in infrastructure and community services with lower long-term costs.
