Erie County gets a credit upgrade

Posted at 12:23 PM, Dec 01, 2015
and last updated 2015-12-01 12:23:32-05

Erie County has received an upgrade from Standard & Poor’s and earned the county its highest rating in 10 years.

The county’s credit rating is now “SP-1+” The increase is the highest since the Red/Green budget crisis of 2005.

The Office of Erie County Comptroller worked solely with S&P on receiving the upgrade.

According to officials, the increase will mean great things for taxpayers. It will save taxpayers nearly $100,000 when the Office of Erie County Comptroller initiates short term borrowing for the county on December 8, 2015.




Stay in Touch Anywhere, Anytime with News, Weather and Video -- Download the WKBW app:

Android App

iPhone/iPad App

Or Sign Up for Our Newsletters -- Delivered to Your E-mail:

E-News, Forecast and Bills Beat Newsletters