|S&P RAISES BOND RATINGS FOR JEFFERSON COUNTY BONDS, AFFIRMS STABLE OUTLOOK FOR COUNTY
The Jefferson County Commission received official notice this week that S&P Global Ratings has upgraded the following series of bonds and affirms a stable outlook for each series. The upgraded bonds include:
· Series 2018-A General Obligation Refunding Warrants – from “AA-“ to “AA”
· Series 2017 Limited Obligation Refunding Warrants – from “AA” to “AA+”
“This is great news for Jefferson County and proves that the County is in good financial shape,” said Commission President Jimmie Stephens. “It’s the result of the Commission being financially conservative, spending within our means, and sticking to our budgets.”
Commissioner Joe Knight, chair of the Finance Committee, added, “Our CFO, Angela Dixon has done an excellent job of keeping up with the financials of the County and ensuring that departments are managing within their budgets. We want the citizens to know that we are running a tight ship, and a number of checks and balances are in place to ensure that spending is being done appropriately and according to state law.”
Pursuant to the County Commission’s adopted Fiscal Policies, Jefferson County maintains three emergency funds.