- Freeport murder suspect Damon Dixson taken into custody in Rockford
- Local gas station employee arrested for selling liquor to minor
- Renewable Fuel Standard delay ‘a mixed blessing,’ Bustos says
- Rockford delegation presents inaugural ‘Rockford Award’ to Norwegian Air
- Education in Illinois making slow progress, according to report
- Illinois GOP Congressional delegation: Obama’s immigration plan undermines rule of law
- Suspect, 17, charged in Halloween hit-and-run in Roscoe
- Saint Anthony College of Nursing president to retire
- Man found guilty in deadly August 2013 crash at Mulford and Garrett Lane
- ‘The Price is Right Live!’ at Coronado March 1; tickets on sale Nov. 21
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