“Very Strong Management”
S&P Affirms Milwaukee County Bond Rating Under County Executive Abele’s Leadership
MILWAUKEE – As Milwaukee County Executive Chris Abele announced a fifth consecutive budget that increases services without raising taxes, Standard & Poor’s Ratings Services is affirming the County’s stable financial outlook with an ‘AA’ rating.
Factors that weighed in the ratings agency’s decision included the County’s overall economic performance, it’s “very strong management,” “very strong liquidity,” and “strong institutional framework.”
S&P notes that it views the county’s management as “very strong” and a “credit strength that enhances the management score,” highlighting management’s frequent monitoring of the budget throughout the year, continued assessments and correction plans as needed, and maintenance of at least balanced operations and its reserve goal, despite state restrictions on the county’s ability to build fund reserves.
The overall outlook for Milwaukee County concludes that, “[t]he stable outlook reflects our view of the county’s economy and our expectation that the county will maintain at least adequate budgetary performance, strong budgetary flexibility, and very strong liquidity. For these reasons, we do not expect to change the rating in the next two years. The county’s participation in the broad and diverse Milwaukee metropolitan area economy supports the outlook.”
Read the full analysis here.
“Five years ago there were questions on whether Milwaukee County could exist as a viable fiscal entity, but today, after years of disciplined decision-making with an eye towards future sustainability, we’re turning the corner and Milwaukee County is on stable financial ground,” Milwaukee County Executive Chris Abele said Monday. “We’ve built up our financial reserves, balanced the budget, and are paying off millions of dollars in debt. That’s good news for investors, as Standard & Poor’s notes in its rating, but it’s even better news for the thousands of Milwaukee County residents who are getting more services – without paying more in taxes – because of our sound budget decisions.”
Press Releases by Chris Abele - Page 2
Spotlight on Milwaukee County Workers: Milwaukee County Executive Chris Abele Honors Employees Making a DifferenceDec 21st, 2016 by Chris Abele
County Executive Abele is putting the spotlight on employees who have gone above and beyond to give back to our community and make a difference.
Spotlight on Milwaukee County Workers: Milwaukee County Fleet Management Awarded “Fleet Top 100” HonorDec 20th, 2016 by Chris Abele
Productivity is up to 98 percent through the use of key performance indicators available to all County employees for complete transparency.
Spotlight on Milwaukee County Workers: County Executive Chris Abele Recognizes Exceptional Performance Throughout the CountyDec 19th, 2016 by Chris Abele
“I’d like to say a special thank you to just some of our great County employees...”
Milwaukee County Executive Chris Abele Announces Appointment of Margaret Daun as Corporation CounselDec 5th, 2016 by Chris Abele
Ms. Daun comes to Milwaukee County with diverse experience in the public and private sectors.
Estimates to repair the Domes range from $14 million to $64 million.
Milwaukee County Executive Chris Abele Announces Appointment of Holly Davis as Director of the Department on AgingNov 22nd, 2016 by Chris Abele
Ms. Davis has a track record of service to underserved and vulnerable populations.
Dietscher was sentenced to 42 months incarceration after pleading guilty to felonious misconduct.
He is accepting 43 of 44 amendments and asking the Board to consider one amendment that makes cuts to the county executive’s staff.
Ms. Mitchell’s primary focus has been finding ways to invest in and support our most valuable asset -- our employees.
Milwaukee County Executive Chris Abele Thanks Common Council for Their Support to Remove Estabrook DamNov 1st, 2016 by Chris Abele
MMSD will be responsible for removing the Dam once it obtains the necessary DNR permits.
Independent fiscal experts sounding the alarm that Milwaukee County’s transit system is in trouble.
Grand Reopening Celebration Event Set for December 1st