Montgomery County Retains Triple-A Bond Rating; County Among Best in Nation for Fiscal Responsibility

County Executive Ike Leggett today announced that Montgomery County has maintained its Triple-A bond rating for 2016 from three Wall Street bond rating agencies.

Fitch, Moody’s, and Standard & Poor’s all affirmed the “AAA” rating – the highest achievable — for the County. They all termed the outlook for Montgomery County as “stable.”

The Triple-A bond rating enables Montgomery County to sell long-term bonds at the most favorable rates, saving County taxpayers millions of dollars over the life of the bonds. The rating also serves as a benchmark for numerous other financial transactions, ensuring the lowest possible costs in those areas as well.

“What is remarkable about this is that Montgomery County has continued to receive a Triple-A bond rating from all three bond rating agencies even during these past few years when other jurisdictions – including the federal government – were seeing downgrades and despite federal shutdowns, budget sequestrations and the worst economic downturn since the Great Depression,” said Leggett.

“Our ability to maintain our coveted Triple-A rating affirms my approach to putting the County’s fiscal house in order and reducing unsustainable increases in County spending, while investing in making government more effective and creating opportunities for the growth of good jobs in the future.”

“This is welcome, although expected, news,” said Council President Nancy Floreen. “It is a testament to our balanced six-year fiscal plan that ensures a long-term strategic approach to budgeting, earning us the highest rating year after year and saving us millions of dollars over the life of our bonds.”

“Once again, Montgomery County has retained its AAA Bond Rating from all three major rating agencies,” said Government Operations and Fiscal Policy Committee Chair Nancy Navarro. “The Council and County Executive working in collaboration during the most difficult economic circumstances during the Great Recession is what made this possible. While not always popular, the tough decisions to rebase the school system budget, find new sources of revenue, and restructure employee benefits is what has allowed us to maintain the highest possible credit rating. As a result of these hard choices, we will be able to make unprecedented investments in our schools, libraries, public safety facilities, and transportation infrastructure.”

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Remaining an Inclusive Community: Councilmember Navarro’s Statement on the 2016 General Election

“I have taken the past week to process what occurred on Tuesday, with the election of Donald Trump as the 45th President of the United States.

Montgomery County voters overwhelmingly rejected Mr. Trump, with Secretary Clinton earning nearly 75% of the vote and Mr. Trump finishing with less than 20%. Montgomery County voters made their voices heard — we continue to believe in an inclusive, pluralistic society where all people should be treated equally. We are not alone. Nearly a million more voters nationwide stood with Secretary Clinton than Mr. Trump. However, under our Constitution, Mr. Trump won the Electoral College, and the presidency.

During the campaign, Mr. Trump made clear his disdain for immigrants, women, Muslims, people with disabilities, and others who do not share his worldview. He vowed to establish a “deportation force” to forcibly remove the more than 11 million undocumented immigrants currently living in the United States. It has yet to be seen if President Trump will take the same hard-line view as Candidate Trump on this issue, but we have no real reason to believe he will not.

Montgomery County has always prided itself on being a welcoming community that is strong because of our diversity.
 Many of our neighbors are living in fear. Immigrant families with mixed status are afraid they will be torn apart. Women are afraid of losing essential health care services. Muslims are afraid of being persecuted based on their religion. The LGBT community is afraid of their right to marry being rolled back, and discriminatory laws going unchallenged. African-Americans are afraid justice reform will no longer be a priority. We have already seen an increase in racist and hateful messages targeting communities of color, even here in Montgomery County.

We cannot be intimidated by these cowardly acts. We need to recommit ourselves to fighting bigotry in all forms through positive action. We need to organize, volunteer, advocate, and vote. In Montgomery County, I will work to ensure we remain a welcoming community for all of our residents. Today, I will introduce a resolution with my Council colleagues encouraging Montgomery County to adopt a similar posture as the City of Chicago when it comes to protecting our immigrant communities. The resolution includes a request to the County Executive to provide special instructions for MC311 operators to help direct residents to legal resources and other supportive services.

Make no mistake — the election of Donald Trump was an enormous setback for the United States. His election strikes at the heart of what we stand for in Montgomery County. Last week was a time for sadness and personal reflection. Starting today, we need to get off the mat, brush ourselves off, and gear up for the fight ahead. The Federal Government can change laws, regulations, and policies, but they cannot change who we are as a people. It is up to us to stand up for each other and work harder than ever before to move our county and our nation forward.”

Clean Elections in 2018

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Progressive Policies Enacted by the Montgomery County Council

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Making Our Children & Youth A Top Priority

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Hispanic Heritage Month Program (Spanish)

Hispanic Heritage Month Program (English)

HISPANIC HERITAGE MONTH 2016

Councilmember Navarro’s Remarks on Positive Youth Development

Councilmember Navarro’s Comments on Bill 25-16, Creating a Neighborhood Action Team