(COVINGTON)---St. Tammany Parish government leaders say that the recent raising of the parish's bond rating on Wall Street points to a healthy local economy poised for what they describe as "a strong financial position" in the future.
St. Tammany Parish President Kevin Davis says that Standard and Poor's has raised the rating, from AA- to AA, on a series of limited tax revenue bonds to help improve and equip parish library facilities. Davis points to the fact that the improved rating helps reduce the interest paid by the government when the bonds are sold, thereby saving taxpayer dollars.
Davis adds that officials at Standard and Poor's indicate that the firm is projecting a steady and expanding overall economic base that will help maintain strong general fund reserves for the parish.

-30-

Leave a comment

Name:

Email:

URL:  

Remember personal info?

Captcha:

Type the characters you see in the picture above.