PWC’s AAA Bond Ratings Reaffirmed 

Prince William County continues to take a fiscally conservative and strategic approach to its finances, and the results have been remarkable.  I’m proud to report that once again, Moody’s Investors Service, Fitch Ratings and Standard & Poor’s Ratings Service have reaffirmed AAA ratings for Prince William County’s upcoming sale of $32.1 million General Obligation Public Improvement Bonds, $69.3 million in Special Obligation School Financing Bonds and $647.2 million in outstanding General Obligation debt. 

In their reports, all three rating agencies highlighted positive aspects leading to the AAA ratings including Prince William County’s strong tax base, well-educated and diverse workforce, and affordability.  All three agencies also mentioned the County’s financial management practices.  According to Moody’s, the County’s AAA rating is a reflection of its strong financial flexibility supported by Prince William’s “effective management and ample liquidity”. Standard & Poor’s noted that “finances are, in our view, strong and have remained consistent throughout the recession due to a conservative and pro-active financial management team.” Additionally, Fitch Ratings noted that “reserve levels and financial flexibility remain sound, supported by prudent fiscal policies and multi-year planning.”

Economic development efforts have been targeting data centers and high tech and bio-tech industries, subsequently providing the county with a low unemployment rate of 4.8% in 2013.  The Bureau of Labor Statistics ranks Prince William County #1 in Virginia and #3 in the Nation for job growth.  And in four of the past five years, CNN Money has ranked Prince William County among the top counties in the nation for job growth – currently on their list at #8 in the nation.

The reaffirmed AAA bond ratings and job growth rankings are solid indications of Prince William County’s vibrant and growing economy, which has allowed us to make investments in the community at a low cost to taxpayers.

To find more information about the County’s AAA bond ratings, please visit: www.pwcgov.org

-Marty Nohe

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Upcoming Events

  • Events
    • 150th Anniversary of Juneteenth: A Celebration of Freedom

      Saturday, June, 20th 2015

      On June 19th, 1865 General Gordon Granger arrived in Galveston, Texas with news that the American Civil War was over and that all slaves were now free. Two and a half years following the signing of the Emancipation Proclamation, this date officially marked the end of slavery in the United States of America. This day has become known as Juneteenth, and stands as a celebration of freedom.

       

      Please join us on Saturday, June 20th at Connaughton Plaza (1 County Complex Court, Prince William, VA 22192) for the 150th Anniversary Celebration of Juneteenth. The event is free and there will be readings of the Emancipation Proclamation, musical performances, an oratory by Mr. Frederick Douglass performed by Mr. Lecount Holmes and other historical presentations. Food and beverages will be available for sale on site. 

       

      For more information call our office at 703-792-4620 or email at colesdistrict@pwcgov.org or contact the Prince William County Department of Public Works, Historic Preservation Division at 703-792-4754 or historicpreservation@pwcgov.org

    • Board of County Supervisors Meeting

      Tuesday, June, 23rd 2015

      To download the current Board agenda, past agendas and briefs, or to watch streaming video of Board meetings, visit  http://www.pwcgov.org/government/bocs/Pages/Meeting-Room.aspx.

    • Prince William County Offices Closed

      Friday, July, 3rd 2015

      In observance of Independence Day, all Prince William County government offices will be closed on Friday, July 3rd. County offices will re-open at 8:30 a.m. on Monday, July 6th.

    • Board of County Supervisors Meeting

      Tuesday, July, 14th 2015

      To download the current Board agenda, past agendas and briefs, or to watch streaming video of Board meetings, visit  http://www.pwcgov.org/government/bocs/Pages/Meeting-Room.aspx.

    • Board of County Supervisors Meeting

      Tuesday, July, 21st 2015

      To download the current Board agenda, past agendas and briefs, or to watch streaming video of Board meetings, visit  http://www.pwcgov.org/government/bocs/Pages/Meeting-Room.aspx.

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