Credit Rating Agencies Deem County Finances and Management Strong
Today, Wicomico County sold $4.195 million in general obligation and tax-exempt bonds to finance several major projects in the county. The bonds carry a true interest cost of 4.325345%. The County’s issue drew a strong market response of 5 bidders, which is indicative of the attractiveness of its bonds.
The County also sold $7.645 million in taxable bonds to finance certain projects at the Salisbury-Wicomico Regional Airport. The taxable bonds had 4 bids and the true interest cost is 5.709504%.
Earlier in October, S&P Global Ratings affirmed the County’s strong AA+ and Moody’s Investors Service affirmed the County’s rating of Aa2.
Wicomico County’s bond issue reinforces the County’s commitment to education and economic development. Included in the bond issue is funding for the Board of Education’s renovation/addition project at Mardela High/Middle School, and projects at the Salisbury-Wicomico Regional Airport among other capital project needs.
County Executive Julie M. Giordano said, “These projects are emblematic of our prioritization of education and economic development. The rates reinforce the strong fiscal management administered by our finance department led by Director Pamela B. Oland.”
Be nice if local projects stayed local and were only allowed to be bid by local companies.Here lately every project goes to outside companies nowhere near here.
Queen Julie sells out the county taxpapers to wall street globalists yet again…..
8:20 Julie lives in your head rent free 24/7. Don’t have much of a life do ya??
please do tell what projects we are on the hook for at that money losing operation called an airport? why isnt useless air paying landing fees? anyone remember back in the 80’s when there were 2 airlines serving there?
why would anyone buy this nonsense when you can get 5% is straight savings account. there are so many more beneficial places to put your money to work than in these lame bonds.