Brown County, Wis.) – Moody’s Investors Service has assigned an Aaa rating to Brown County, the highest bond credit rating attainable from Moody’s when the County took advantage of historically low bonding rates.
“Our financial strategy since I took office has been to make the tough decisions with a clear vision of our economic future,” says County Executive Troy Streckenbach. “As demonstrated by the Debt Reduction, Infrastructure, and Property Tax Relief Plan, Brown County not only can provide lower property taxes and smart investments in our infrastructure, but also pay down our total outstanding debt to levels not seen in decades.”
On Wednesday October 28th, the Brown County Board of Supervisors unanimously approved the County Executive’s proposal, which enabled Brown County to perform a refunding of its outstanding debt to save taxpayers $1.3 million in interest. In total, the County has eliminated over $64 million in debt since 2017 and is projected to save approximately $45 million in interest payments over that time.
According to the Moody’s report, “Brown County benefits from a solid financial position supported by strong management and a large, diverse tax base which anchors the regional economy.”
For more information regarding the rating, please visit www.moodys.com