Charles County last week announced that the three major bond rating agencies have reaffirmed the County's AAA bond rating. The ratings from Fitch, Moody’s, and Standard & Poor’s reflect the County’s strong financial position and economic stability. “This achievement demonstrates the Board of Commissioners is delivering on its commitment to prudent financial management, which earns not only the confidence of the bond market, but of our citizens,” said Commissioner President Reuben B. Collins, ll, Esq. The…

The Government Finance Officers Association (GFOA) will host the "Financial Foundations for Thriving Communities: Putting It All Together" webinar on Thursday, October 24th, at 2:00 pm. This is the final session of a GFOA webinar series on how local governments can use the Financial Foundations Framework to facilitate collaboration and support for public policies and programs. According to GFOA: Financial Foundations for Thriving Communities: Putting It All Together Date and Time: October 24, 2019 - 2:00pm…

Carroll County this week sold $70 million of bonds at historically low interest rates, a direct reflection of the County's recent AAA credit rating from all three major financial rating agencies. Comptroller Robert Burk said the new bonds were sold at an interest rate of 2.19%. The interest rate on refinanced debt — 1.39% for tax-exempt and 2.27% for taxable bonds — will save the County over $5 million. “We are thrilled to receive the…