It was a cold evening last week on Wednesday the 10 of January, but that did not stop Westmoreland County’s Board of Supervisors, School Board, and Industrial Development Authority from meeting to hold a presentation on the financing of the new high school, before voting on whether to approve the plans or not. It also came to light that plans for the financing of the school are also being hampered by the government shutdown, which, at the time of this writing, has not ended. The three boards, however, have done what they could and approved the plans in a resolution that night.
In December last year, Davenport and County staff met with two national credit rating agencies to get the county’s first credit rating. Both meetings resulted in strong credit ratings, Aa2 from Moody’s and AA from S&P, just shy of the strongest possible rating. This was owed to increasing revenues in the county along with its financial management and improving economy. This puts the county’s rating well within investment-range, which is of extreme importance when getting a bond or loan.
For the full article, pick up the latest Westmoreland News 1/16/19