News Column

BRIEF: County financial outlook ticking upward

February 21, 2014

By Vicki Hyatt, The Mountaineer, Waynesville, N.C.



Feb. 21--The Haywood County Board of Commissioners got good economic news on several fronts Monday.

The county recently learned its Standard and Poor bond rating rose from an A+ to an AA, said Julie Davis, the county's finance officer, but is a good sign of financial health and signals that the county's bonds might be more marketable.

"Bond purchasers (investors) look at the ratings in order to judge the capacity for repayment," Davis said. "A higher bond rating, which equates to strong potential for repayment, often means lower interest rates on those bonds -- which means a lower cost for the taxpayers of the county."

The S&P upgrade was mainly due to a strong economy and access to the Asheville Statistical Area, as well as the county's lower unemployment rate, strong budgetary flexibility and an ...

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Source: Mountaineer (Waynesville, NC)


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