These credit rating agencies use letter designations to determine credit-worthiness. Following financial practices that any fiscally responsible household can utilize is how the county of Williamson was able to receive the rating, and the beneifts of it will now help residents of Williamson County.
Williamson County Auditor David Flores said, “You follow the ABC’s of spending, whether you are a family household or a government. A is always live within your means. B is borrow money only for capital items, being something that has permanent value like a home. C is credit cards shouldn’t be used to finance regular operations exceeding 30 days. These are the things I have taught my own children about finances, too."
The AAA rating is based on pass-through toll revenue and limited tax bonds, and series 2011 limited-tax refunding bonds. The good news for Williamson County residents is that this AAA rating will allow the county to refinance its debt for a lower interest rate. Williamson County Auditor David Flores said in a statement, "Our goal was to secure an interest rate of less than 4 percent, and we met that goal.” The county will save $2,670,000, more than their original goal of $2 million.
If you would like to know more about the ratings, visit the county’s website at www.wilco.org and you will find the information under the County Finances section.
Williamson County is a great place to call home. Contact the Shane T. White Team if you are looking to buy or sell your home. Discover what it is like to work with a team with a real passion for real estate. Contact us today at (512) 515-LAND (5263). We are here for you to help you buy or sell real estate near Austin in the Liberty Hill area, including Leander, Georgetown, Cedar Park, and Bertram.
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