- Man sentenced to 12 years in fatal hit-and-run
- White House fence jumper charged with kicking Secret Service dogs
- Man arrested on child pornography charges
- Woman hit with liquor bottle during home invasion
- Police arrest robbery suspect
- Rockford area trick-or-treat times
- The Odds Man: Three road dogs good bets in NFL Week 8
- IceHogs nipped in third period, return home Saturday
- BGA sues Chicago Police Department over transparency
- Clean water groups highlight progress for Apple River, call for more success stories
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