As a result of last week’s reaffirmation of the county’s AAA bond ratings by all three major bond rating agencies, Frederick County Government received over $4.6 million in savings on a refinancing of some of its bond debt. This is over a million dollars more in savings than originally anticipated.
“Today’s negotiated sale of bonds went much better than anticipated, resulting in millions of dollars of savings for taxpayers,” commented County Executive Jan Gardner. “Good things are happening in Frederick County, as our conservative budgeting and vibrant economy has set us on the path for a very bright future with more schools, roads, libraries and parks all at considerable savings. This is great news for county residents.”