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Montgomery County sells $149 million in bonds; Moody’s affirms AAA rating as officials outline budget pressures
Summary
County financial officials reported the successful pricing of about $149 million in bonds and a reaffirmation of the county’s AAA rating. The CFO and financial advisers also briefed commissioners on revenue and expenditure trends and warned of a potential $30 million budget gap for 2026.
Montgomery County completed a competitive bond sale in late May and reported the results to commissioners on June 5, while county finance staff warned of ongoing budget pressure heading into the 2026 budget process.
John Crotty, a financial adviser with PFM, reported the county sold roughly $149,000,000 in bonds: about $145,000,000 in tax‑exempt Series A and $4,000,000 in taxable Series B. The Series A proceeds will fund projects in the county’s five‑year capital plan, including road and facility improvements; the Series B proceeds will support loan and grant programs. The bonds are scheduled to settle on June 17.
Moody’s affirmed Montgomery County’s AAA rating with a stable outlook, Crotty said, citing the county’s…
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