County Budget & Finances
Clarifying Misinformation about Budget Vote
[June 20, 2023] — It appears that misinformation is being circulated related to last night’s county budget vote. Apparently, there is a rumor circulating that the proposed budget considered last night had a different proposed tax rate than the budget that was presented on May 15 and for which the public hearing was held on…
Read MoreStatement on adoption of FY 2023-24 County Budget
[JUNE 19, 2023] Statement by Commissioner Frank Williams: “Tonight, the Brunswick County Board of Commissioners approved a fiscally responsible budget that focuses resources on our key priorities, including public safety, education, and water and sewer infrastructure, while meeting our unfunded state and federal mandates and dealing with cost increases due to inflation. In response to…
Read MoreBrunswick County general obligation bonds and enterprise revenue debt receive strong, upgraded ratings from Moody’s Investors Service
Brunswick County continues its strong financial tradition with recent upgrades to its general obligation bond and enterprise revenue debt ratings from Moody’s Investors Service—all of which are some of the highest a local government or utility can receive. Brunswick County’s general obligation (GO) bonds were upgraded to Aaa from Aa1, which is the highest rating…
Read MoreCOVID-19: Consider the Side Effects, Because Every One is One Too Many
Every death due to COVID-19 is one too many. Every job lost is also one too many. Every bankruptcy is one too many, and every business that permanently closes its doors due to coronavirus is one too many. Every suicide borne out of depression or anxiety spawned by COVID-19 is one too many. The COVID-19…
Read MoreS&P Assigns AAA Rating to Brunswick County School Bonds, Upgrades General Obligation Rating to AAA
05.24.2018 — S&P Global Ratings has assigned a rating of “AAA” to Brunswick County’s General Obligation School Bonds, Series 2018. S&P Global Ratings has also reviewed Brunswick County’s bond ratings and increased Brunswick County’s General Obligation (Financial Security Assurance Incorporated) credit rating from “AA+” to” AAA,” and increased Brunswick County’s Smithville Township Limited Tax Hospital…
Read MoreBrunswick County Finance Office Recognized Nationally for Budget, Financial Reporting
5/11/18 — Brunswick County’s Finance Office has been recognized by the Government Finance Officers Association of the United States and Canada for its financial reporting and budget presentation, recognitions it has received dozens of times in nearly two decades. The Government Finance Officers Association of the United States and Canada (GFOA) is an international professional association.…
Read MoreCommissioner Williams Represents Brunswick County at National Association of Counties Legislative Conference
Brunswick County Board of Commissioners Chairman Frank Williams represented Brunswick County at the recent National Association of Counties (NaCo) Legislative Conference in Washington, D.C. “This conference provided an excellent opportunity to learn from county leaders from across the nation, secure face time with Congressman Rouzer and key legislative staffers who represent us on Capital Hill,…
Read MoreMoody’s affirms Brunswick County’s GO bond rating at Aa2
BOLIVIA, N.C. – Moody’s Investors Service has affirmed both Brunswick County’s Aa2 general obligation bond rating and the county’s Aa3 rating on lease-backed debt, assigning the county a positive outlook. The ratings announcement from Moody’s notes Brunswick County’s “historically solid financial position” and “below average debt burden that will remain manageable despite significant borrowing plans,”…
Read MoreBrunswick County Board of Commissioners adopts fiscally responsible budget, maintains low tax rate
BOLIVIA, N.C. – The Brunswick County Board of Commissioners unanimously adopted a fiscally responsible budget at its meeting on Monday, June 5, 2017, according to board chairman Frank Williams. “This is a fiscally conservative budget that focuses resources on two key priorities, education and public safety, while maintaining one of the lowest tax rates in…
Read MoreMoody’s affirms Brunswick County’s GO bond rating at Aa2
BOLIVIA, N.C. — Moody’s Investors Service has affirmed Brunswick County’s Aa2 general obligation bond rating, noting the county has a “very high quality credit position.” Moody’s ratings announcement also notes the County’s “robust” financial position and “small pension burden with an exceptionally low debt liability.” “The county has a very strong economy and tax base…
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