S and P rates Marlboro’s debt AAA

Marlboro Mayor Jon Hornik

Standard and Poors, the global credit rating agency, issued a AAA/Stable bond rating on $9.6 million in new borrowings by Marlboro and upgraded the Township’s existing debt to AAA as well.

The new rating makes Marlboro one of only 29 towns in New Jersey with the top possible credit rating, according to a statement from the Township.

“Marlboro’s credit is officially the highest grade available in the marketplace”, stated Mayor  Jonathan Hornik. “This means that our taxpayers benefit from the lowest possible costs for road, parks and recreation and other capital improvements.” Read the rest of this entry »

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Posted: September 13th, 2017 | Author: | Filed under: Jon Hornik, Marlboro, Monmouth County News | Tags: , , , , , | 1 Comment »

Monmouth County Debt Rated AAA for the 16th consecutive year

Freehoder Deputy Director Gary Rich, left and Freeholder Director Lillian Burry

Freeholder Deputy Director Gary Rich and Freeholder Director Lillian Burry at the Italian American Festival in Ocean Township last week.

Monmouth County has received a new AAA bond rating from all three major rating agencies for the 16th consecutive year, according to a statement by the Monmouth County Board of Freeholders.

“This is the 16th straight year the County has been awarded AAA status from Fitch, Moody’s and Standard and Poor’s,” said Freeholder Deputy Director Gary J. Rich, Sr., liaison to the County’s Finance Department. “Monmouth County continues to be top-rated in how it manages taxpayer money.”

The three rating agencies rated the upcoming Monmouth County Improvement Authority’s (MCIA) governmental refunding bond series and reaffirmed the ratings of the County’s outstanding debt.

“Monmouth County continues its demonstration of sound, fiscal management. The County has been careful in its spending and continues to maintain low debt levels,” said Freeholder Director Lillian G. Burry. “As a result, we are able to have greater flexibility in delivering quality services to our residents. It shows how well the County is managing its resources and planning for the future.”

Monmouth County is the only county in New Jersey and one of less than three dozen counties in the nation that can claim to have received the highest score from all three rating agencies.  The AAA rating is higher than that of the State of New Jersey and the United States of America.

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Posted: August 15th, 2014 | Author: | Filed under: Gary Rich, Lillian Burry, Monmouth County, Serena DiMaso | Tags: , , , , , , , , , , | 24 Comments »

Monmouth County retains rare AAA credit rating, saves taxpayers millions

Monmouth County retains rare AAA credit rating, saves taxpayers millions (via NJ.com)

FREEHOLD BOROUGH – Monmouth County’s fiscal strength means more than flat tax levies and trim budgets – it also directly translates into big savings for taxpayers and municipalities. The county received the highest possible credit rating for 2014…

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Posted: March 29th, 2014 | Author: | Filed under: Monmouth County, Monmouth County Board of Freeholders | Tags: , , , , | Comments Off on Monmouth County retains rare AAA credit rating, saves taxpayers millions