Putnam County has a Aa2 rating from Moody's Investors Service, which cited the County's sound financial position and low debt burden.
County Executive MaryEllen Odell says that allowed the County to close on the sale of $3-million in general obligation bonds at a low interest rate. The proceeds of the bonds are used to fund various road and facility improvements.
Odell says Putnam County taxpayers will be saved thousands of dollars in interest costs due to fiscal accountability. Despite the positive rating, Odell says property tax payers need mandate relief and she is working with New York state Senator Greg Ball's Mandate Relief Council.