Moody’s Ratings Affirms Onondaga County Bond Rating Citing County’s Sound Fiscal Position
SYRACUSE, N.Y. – Onondaga County Executive J. Ryan McMahon, II today announced that Onondaga County’s bond rating of “Aa2” from Moody’s Ratings was affirmed with a “stable” outlook.
When explaining the rating Moody’s noted, “The Aa2 issuer rating reflects the counties sound financial
position…” Moody’s further noted, “The rating also reflects the county’s large and growing tax base, solid resident income and the institutional presence of a number of universities and hospitals that are key economic drivers.”
County Executive McMahon said, “From day one my administration has worked tirelessly to provide the
highest quality of services to the people of Onondaga County in the most fiscally responsible manner possible. This approach has resulted in an over forty precent cut in the county tax rate combined with historic investments in initiatives to address poverty, lead hazards and workforce development and our infrastructure.” McMahon continued, “My administration will continue to prove that responsible fiscal management combined with smart and comprehensive planning can produce unprecedented results for our community with an even brighter future ahead of us.”