GRANTS PASS, Ore. – A national financial organization rated Josephine County’s finance department with an A+.
Standard and Poor’s Rating Services says the county showed strong planning with its cash reserves. Josephine County saved money from the Secure Rural Schools Act in 2008 to use as carryover for the 2011-2012 fiscal year.
S&P also recognized the county for its financial planning with public safety cuts. The treasurer, John Harelson, says this recognition will help build credibility for Josephine County in the future.
“In a long term way, how the bond ratings agency thinks about Josephine County, and see’s what we do, makes a real difference for next time that we have an opportunity to go to the bond market,” says Harelson.
Josephine County has received an A+ rating from S & P since 1999.