Calvert County earned AAA bond ratings from the three major bond rating agencies for the sixth year in a row. The ratings from Fitch, Moody’s, and Standard & Poor’s keep borrowing costs low and reflect the County’s strong economy, robust revenues, and sound financial management. “This sixth consecutive assessment of top credit ratings for Calvert County is a testament to our fiscal stewardship,” said BOCC President Earl F. “Buddy” Hance. “It affirms our commitment to…

The Anne Arundel County Office of Finance earned the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada. The Certificate of Achievement, which recognizes the County's financial report for fiscal 2020, is the highest form of recognition in governmental accounting and financial reporting and demonstrates the County's commitment to transparency. https://twitter.com/AACoExec/status/1450901593528885253 The GFOA, founded in 1906, represents public finance officials throughout the United States…

County Executive Danielle Hornberger this week announced that Cecil County successfully refinanced approximately $115 million in bonds at significantly lower interest rates, saving taxpayers up to $28.5 million in debt service payments. According to a County press release: The County’s General Obligation Public Improvement Bonds’ interest rate was reduced from 3.47% to 2.03% and the County’s General Obligation Consolidated Refunding Bonds’ interest rate was reduced from 3.47% to 2.11%. “I am happy to announce that…

Frederick County this week sold $154.5 million in new tax-exempt bonds at a historically low interest rate, a direct reflection of the County’s recent AAA credit rating from all three major financial rating agencies. The tax-exempt bonds sold at an interest rate of 1.57 percent -- the lowest rate in County history. In addition, the County refinanced $30.9 million of 2013 and 2016A taxable bonds at an interest rate of 1.82 percent, which will save…

Today, Frederick County Executive Jan Gardner announced that the three major bond rating agencies reaffirmed the County’s AAA bond rating. The ratings -- issued by Fitch, Moody’s, and Standard & Poor’s -- keep borrowing costs low for capital projects and reflect the County’s sound fiscal policies, prudent long-range planning, and robust economy. In addition, the County plans to refinance old bonds at a lower rate, which will save an estimated $500,000. https://twitter.com/JanGardnerExec/status/1433505587073978377 “Frederick County can…