Lake County has again received a AAA bond rating –the highest government rating—from the nation’s two largest bond rating agencies - Moody’s Investors Services, Inc., and Standard & Poor’s. The rating serves as an indicator of the County’s general economic health. Lake County is one of about 60 counties (out of about 3000 in the United States) that have AAA from both agencies. The AAA rating means the county can borrow money for essential projects at the lowest possible interest rate, and as a result, more tax money goes to government services and less to pay interest.
Both firms said the AAA rating is based on several strengths, including strong budgetary performance, well-managed financial operations with strong financial policies and practices, healthy reserves and manageable debt that provide budgetary flexibility.
Visit Lake County’s Budget web portal
for budget and finance information.