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Announcements
ALLEGANY
COUNTY
FY
2014 BUDGET SCHEDULE
The
Allegany County Commissioners, Michael W. McKay, Creade V. Brodie, Jr.,
and William R. Valentine, now have had three public hearings for the
July 1, 2013 – June 30, 2014 fiscal year budget. According to Director
of Finance Jason M. Bennett, CPA, as of May 9, 2013, the Budget Adoption
is scheduled for Thursday, June 6, 2013 (Public Business Meeting) at
5:00 p.m. at the Allegany
County Office
Building, 701 Kelly Road,
Cumberland. The general public is invited to
attend. Allegany
County’s historical budget
information is presented on the website, www.gov.allconet.org. From the
homepage select departments, select finance, select budget archive.
Fourteen fiscal years, FY 2000 – FY 2013, are available.
Preliminary
Budget Presented During April 25, 2013 Public Meeting
Review Document
W. Jay George, Jr. is commended by the Allegany
County Commissioners.From the left,
Commissioner William R. Valentine, Commissioner Creade
V. Brodie, Jr., George and Commissioner Michael W. McKay
ASSISTANT FINANCE DIRECTOR
JAY GEORGE TO RETIRE
W, Jay George,
Jr., C.P.A., will retire as the Assistant Director of Finance after 28
years of service. Allegany County Government has benefitted from his
exemplary, unpretentious public service.
Read
More.
New Design for Water and Sewer Quarterly Statements
As previously announced, water and sewer customers
receiving quarterly statements from the Allegany County Tax and Utility
Office can expect to see a new design. The Tax and Utility Office has
implemented new computer software for the water and sewer billing
function at the beginning of 2013. Because of this software change
Allegany County is able to provide water and sewer customers with
additional detailed information. These changes first appeared on the
January 31, 2013 quarterly statement. Jason
M. Bennett, CPA, Director of Finance, emphasized that Allegany County is
NOT making any water and
sewer rate changes at this time. The quarterly statement continues to be
payable within 60 days of the billing period end-date. The Tax and
Utility Office may be contacted at 301-777-5965, Monday through Friday,
8:00 a.m. – 4:30 p.m.
Moody’s
Upgrades
Allegany
County
Government’s Bond Rating
Moody’s Investors Services has
upgraded its long term General Obligation rating on Allegany County, Maryland
from A1 to Aa3. Moody’s has applied the rating to the County’s $9.359
million General Obligation Refunding Bonds, Series of 2013. The bonds
are general obligations of the County secured by its full faith and
credit.
Read More
S & P Upgrades Allegany County Government’s
Bond Rating
Within days of being
notified that Moody’s Investors Services had upgraded the County’s Bond
Rating, the Board of County Commissioners of
Allegany
County today learned that
Standard & Poor’s (S&P) Rating Services had also elevated the County’s
rating. The County’s rating with S & P was upgraded from an A to A+.
“To the casual observer this slight increase in rating may
not appear significant, but to government bond traders it means the
County will be paying less interest on money it borrows both short and
long term,” commented Jason M. Bennett, CPA, County Finance Director.
“Similar to the assessment provided by Moody’s earlier in the week, the
upgrade reflects S & P’s acknowledgment that the County’s financial
outlook is stable,” Bennett continued.
Read
More
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