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

Recent News

Rollins Ford Road to Open to the Public on July 15

July 11, 2014

The Prince William Board of County Supervisors will hold a ribbon cutting ceremony to open Rollins Ford Road on Tuesday, July 15 at 9 a.m.…

Independence Day Fireworks can Terrify Your Pets

July 1, 2014

July 5th can be a busy day at the Prince William County Animal Shelter. Companion animals that fled in fright during fireworks displays on July…

More News

Upcoming Events

  • Events
    • Board of County Supervisors Meeting

      Tuesday, August, 5th 2014

      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.

    • Coles District Dumpster Day

      Saturday, August, 9th 2014

      The Coles District Dumpster Day is part of the P.R.I.D.E. in Prince William Days program which is facilitated by the Prince William County Department of Public Works, Neighborhood Services Division. The program provides free access to dumpsters to all County residents to remove clutter and debris from their yards or other areas around their home. This is a great opportunity for you to spruce up and clean out your yard and home, as well as nearby streets, common areas, parks and streams. Residents are encouraged to take part in local litter pickups or community cleanups in their neighborhoods and simply utilize the free dumpsters to dispose of the refuse collected. Please keep in mind that certain items cannot be accepted at the dumpsters such as commercial waste and hazardous materials. For more information, including a schedule of all Dumpster Days and a list of items that cannot be accepted at the dumpsters, visit www.pwcgov.org/junk or call the Neighborhood Services Division at (703)792-7018.

    • Prince William County Offices Closed

      Monday, September, 1st 2014

      In observance of the Labor Day holiday, all Prince William County government offices will be closed on Monday, September 1. County offices will re-open at 8:30 a.m. on Tuesday, September 2.

    • Board of County Supervisors Meeting

      Tuesday, September, 9th 2014

      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, September, 16th 2014

      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.

  • More News