Camden County Receives Highest Bond Rating Ever

CBS Philly

By David Madden

CAMDEN, N.J. (CBS) – Officials in Camden County are crowing over the latest report card from one of the nation’s top bond rating agencies.

Just like your kids coming home with a good report card, Camden County is showing off its AA bond rating from Standard and Poor’s. That’s up from AA-, and represents the county’s best bond rating ever.

“We treat the taxpayer’s money as if it was our own money,” Freeholder Director Lou Cappelli said. “I think the bond raters have recognized that.”

You can also credit expectations of continued population and job growth, not to mention the county’s accelerated rate of repaying debt and reducing the county payroll.

What does this mean to taxpayers? The better the bond rating, the less interest the county will have to pay on those bonds.

[listicle id=55129 align=left show_title=true]

View original post

Advertisements

Tinggalkan Komentarmu/Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s