Oak Ridge Today

Moody’s upgrades Anderson County’s rating, removes ‘negative outlook’

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Terry Frank

Terry Frank

CLINTON—Moody’s Investors Service announced from New York that they have affirmed the Aa2 General Obligation, or GO, rating of Anderson County and have upgraded Anderson County’s rating by removing the “negative outlook,” officials said.

During bond issuance for rural elementary and rural high school bonds, as well as tax anticipation notes, Moody’s assigned Anderson County an Aa2 “negative outlook” rating in the 2010/2011 budget year, a press release said.

Highlights from Moody’s rating report of July 9, 2015, noted that the company lifted the negative outlook and that “improved financial performance” led to “reserve and liquidity growth,” the release said. [Read more…]

Anderson mayor: Budget proposal holds spending steady, no tax increase

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Terry Frank

Terry Frank

The budget proposed by Anderson County Mayor Terry Frank for the next fiscal year would keep most county departments at current-year spending levels and it includes no tax increase, a press release said.

The proposed general fund budget was presented to the Anderson County Budget Committee on Tuesday afternoon, and it was unanimously approved at Thursday evening’s budget meeting, the Mayor’s Office said in the release.

The next fiscal year begins July 1.

The balanced $25,088,157 budget for the county’s general operating fund proposes maintaining a focus on stabilizing spending levels until “we have full economic recovery,” the press release said. [Read more…]

2013 in Review: Accomplishments, improvement, and stability

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Terry Frank

Terry Frank

By Anderson County Mayor Terry Frank and Director of Accounts and Budgets Christopher K. Phillips

We have just released our Popular Annual Financial Report for the fiscal year ending June 30, 2013, and we wanted to share a snapshot of our county’s financial health. It’s important to know where we are, not only for the sake of transparency, but because the numbers are important for our future as a community.

As a nation, we’re enduring some challenging economic times, and more than ever, as businesses and industry choose where to locate, they are scrutinizing the financial health and stability of local governments as part of their decision making process. We believe when they look at Anderson County, they’ll like what they see.

Noteworthy accomplishments from 2013: [Read more…]