- FIFA officials arrested, extradition to US on the cards
- TRRT Online Edition | May 27-June 2
- RAA says legal opinion validates ordinance concerns
- Perfect? Not quite, but Wagner’s latest is up to the task
- Democrats readying $36 billion budget
- FIFA adds prison labor to its arsenal
- Sitting on a scoop: the story behind the V-E headlines of May 1945
- Bilderback repeats at Speedway
- US permits Arctic drilling, but questions about safety remain
- ISIS takeover of Ramadi means hard choices face the Iraqi and US governments
County board chairman announces county’s bond rate upgraded by two levels
From press release
Winnebago County was recently notified that its financial rating as determined by Moody’s Investor Service was upgraded from an A-1 rating to an Aa2 rating. The change moved the county from the mid-range security of level A range to the strong security level of Aa range. This is a two-step increase and will save the county considerable interest dollars on future borrowings.
The upgrade is the result of satisfactory financial operations supported by healthy reserves and, in particular, they highlighted the county’s policy of a reserve equal to 25 to 30 percent of annual General Fund expenditures. This was emphasized as a financial posture, offsetting the operating deficit because the economy.
The county is especially proud of Moody’s upgrade in light of the economic times we are dealing with locally.
From the June 2-8, 2010 issue