Standard & Poor’s Rating Services has reaffirmed Dutchess County government’s bond rating, citing strong county management and budgetary performance.
Standard & Poor’s reaffirmed Dutchess County’s AA+ bond rating, the highest S&P rating among county governments in New York. S&P published the bond rating, with a stable outlook, as the county prepares to issue bonds to fund various capital improvement projects, including bridge reconstruction and highway improvements, equipment and vehicle purchases, projects at Dutchess Community College, as well as acquisition of the Lake Walton Preserve and new voting machines. Republican Dutchess County Executive Marc Molinaro plans to highlight the rating during his state-of-the-county address Thursday evening at the Culinary Institute of America in Hyde Park.