POUGHKEEPSIE – Dutchess County Government has realized more than $159,000 in additional savings for taxpayers from a recent refinancing of existing county bonds.
Total savings over the next 13 years will be more than $956,000. Originally estimated, the savings was expected to be $797,000.
County Executive Marcus Molinaro credited that to the county’s AA+ bond rating that Standard and Poor’s noted was due to the county’s strong economy; strong county government management and budgetary performance, and flexibility; and strong debt and contingency liability profile.
S&P also qualified its rating of county government with a “stable” outlook reflecting that “the county’s consistently strong performance enhances stability.”
