“We are very pleased with the competitive sale of the bonds and the interest received from the market,” said Finance Director Rafiu Ighile. “The number of bidders demonstrated how desirable our bonds are in the municipal market, which is a direct result of the fiscal management and leadership of the County as shown in our AAA ratings from the three major credit agencies for the past 25 years.”
Notable projects funded through the bond sale include:
- New Elementary School #42
- Talbott Springs Elementary replacement
- High School #13
- Blandair Regional Park
- Police Department building upgrades and renovations
- Storm drain improvements
- Upgrades the to the Little Patuxent Water Treatment facility
This month, Howard County was one of just 49 counties, among more than 3,000 in the U.S., to earn a AAA credit rating from all three bond ratings agencies. Fitch Ratings, Moody’s Investor Services and Standard & Poor’s all noted Howard County’s strong economy and financial flexibility.