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Livingston County recognized for financial health

  • / Updated:
  • Staff Report 

Livingston County has once again been recognized for its robust financial health, as affirmed by Moody’s Investors Service in their recent annual comment document. The prestigious credit rating agency has maintained the county’s Aa2 rating, reflecting its solid economic stability and positive future outlook. This rating is the third-highest long-term credit rating that Moody’s offers, underscoring the county’s exemplary fiscal management.

The Aa2 rating is a testament to Livingston County’s exceptional financial performance, particularly in comparison to its municipal peers in similar categories. Factors contributing to this achievement include the county’s sizable and healthy economic system, effective operational financial strength, diligent management, and robust rate management and regulatory compliance. These results are attributed to Livingston County’s prudent cost controls and conservative budgeting practices, which have consistently outperformed across various key metrics.

Amy Davies, Livingston County Treasurer, lauded the rating as a reflection of the county’s excellent fiscal management. Additionally, this recognition by Moody’s is complemented by another favorable report from the Office of the New York State Comptroller. The latest Fiscal Stress Monitoring System results placed Livingston County among the top-tier governments in New York State, with a score of 3.3 leading to a “no designation” in fiscal stress. This marks the third occasion in four years that the county has received one of the state’s highest fiscal classifications, further cementing its reputation for sound financial stewardship.