- Man pleads guilty but mentally ill in 2013 murder
- Telephone, computer network outages at 22 Rockford schools
- Byron native selected as Sailor of the Year for Navy Band Southwest
- Illinois Tollway awards $337 million in contracts, sets budget
- 44 earn bachelor’s degrees at Saint Anthony College of Nursing
- Goodwill opens Donation Express site on Perryville
- Rock Valley College to manage TechWorks program
- University of Illinois at Chicago names chancellor
- Salvation Army to distribute food, toys to nearly 2,000 families
- American Manufacturing Competitiveness Act signed into law
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