Stafford, Va. — Standard and Poors recently gave the county a AA bond rating, up from it’s previous AA- rating.
Officials said the high bond rating comes as the county has worked hard to save tax payers money.
“This is truly an exciting accomplishment, especially when you consider the serious economic challenges this nation has faced over the last few years,” said Stafford Rock Hill District Supervisor Cord Sterling. “But we stayed focused on our goal of being responsible and accountable to our citizens, streamlined government and cut taxes, and prioritized funding for our core needs such as public safety, schools and infrastructure. This strict fiscal discipline continues to help us outpace other communities in Virginia. We had to make some tough decisions to put County finances in order.”
Sterling went on to take a jab at congress after a failure of the Joint Select Committee on Deficit Reduction, commonly known as the super committee, which was tasked with but failed to come up with a way to reduce government spending by $1.5 trillion over 10 years.
“Unfortunately, Congress and the super committee were unable to make similar tough decisions in order to fix our federal finances,” added Sterling.
Recent census data ranks Stafford County as having the 7th highest median income in the U.S. with $94,317, moving up from 12th place.
