Saying the Moody’s decision is a sign that county leadership is getting it right, Racine County Executive Jim Ladwig announced Tuesday the county’s Aa1 bond rating remains solid.
“This strong rating by Moody’s recognizes our continued efforts to control costs, while continuing to provide high quality services to Racine County residents,” he wrote in a press release.
Having the second-highest bond rating awarded means Racine County can take advantage of lower interest rates for capital projects, saving taxpayers money in the long run.
Only five other counties in Wisconsin have a higher bond rating; both Milwaukee and Kenosha recently had their bond ratings lowered to Aa2, according to the release.
“This high bond rating shows that Racine County continues to be in excellent financial condition and is poised to attract new economic development,” Ladwig concluded.