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.
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