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Outgoing Northampton County executive says county leaves office with strong finances, borrowing capacity
Summary
County Executive Lamont McClure told the council the county will have $37—$40 million in cash when books close, about $625.9 million under management for pension and OPEB, and roughly $1.2 billion in borrowing capacity; he framed employee compensation and benefits during his report.
Lamont McClure, the outgoing Northampton County executive, used his final report to summarize the county's fiscal position and to defend the administration's record on employee pay and benefits.
"When the books close in February, we will have 37 to $40,000,000 in cash," McClure said, and added the county will exit the administration with about $1,200,000,000…
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