DUTCHESS COUNTY, N.Y. -- Dutchess County's bond rating continues to be one of the highest in New York.
Standard and Poor's Rating Services once again gave Dutchess County an AA+ bond rating, the second highest in New York among county governments. The county is preparing to issue a bond for property renovations at the Dutchess County Mental Health campus in Poughkeepsie.
County Executive Marc Molinaro said the high bond rating was due to conservative fiscal management and a focus on smaller, smarter and more effective government.
Standard and Poor's said Dutchess County has a "stable" outlook.
“This impressive bond rating is yet another validation of the sound fiscal policies we have established in Dutchess County Government," Dutchess County Comptroller Jim Coughlan said. "Bond ratings of this caliber are not easy to achieve and it is certainly good news for our residents.”
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