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Baltimore County maintains desirable triple-A bond rating

Baltimore County maintains desirable triple-A bond rating

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TOWSON, MD—Baltimore County officials announced Wednesday that the county has maintained its triple-A bond rating from three major credit rating agencies, allowing the county to continue issuing bonds at the lowest interest rates and saving Baltimore County taxpayers millions of dollars.

Moody’s Investor Service, Fitch Ratings and S&P Global Ratings have affirmed Baltimore County’s triple-A rating with a stable outlook, making it one of only 2% of counties nationwide to receive the highest rating from all three agencies.

“We are proud to once again maintain the highest fiscal ratings possible – this is an endorsement of our fiscally responsible management that has saved County taxpayers millions of dollars,” said Baltimore County Executive Johnny Olszewski. “Baltimore County remains on strong fiscal footing, from which we will continue to invest responsibly and equitably in residents’ priorities to ensure long-term economic growth for years to come.”

Olszewski’s first budget closed an $81 million deficit and cut $35 million in unnecessary spending, made record investments in public education and took additional steps to stabilize health care costs for retirees.

The administration continues to make record investments in education, allocate resources to expand mental health services, and invest significant new resources in recreational and green space opportunities, among other priorities.

Olszewski’s $5 billion Fiscal Year 2025 budget, unanimously approved by the County Council earlier this year, provides historic investments in public education, recreation and parks, and billions of dollars in continued funding for key priorities such as public safety, housing and community development, sustainability, utilities and transportation, libraries and more.

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