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

Posted at 1:25 pm July 16, 2015
By Oak Ridge Today Staff Leave a Comment

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…]

Filed Under: Anderson County, Front Page News, Government Tagged With: Aa2 General Obligation, Aa2 negative outlook, Anderson County, bond issuance, Christopher K. Phillips, financial performance, fund balance, general fund, GO, Moody's, Moody's Investors Service, negative outlook, tax anticipation notes, tax base, Terry Frank

Iwanski announces re-election campaign for County Commission

Posted at 1:09 pm July 5, 2014
By Oak Ridge Today Staff 1 Comment

Myron Iwanski

Myron Iwanski

Myron Iwanski is seeking re-election to Anderson County Commission in District 8, which includes the Woodland, Emory Valley, and Hendrix Creek precincts in Oak Ridge.

Iwanski was appointed in 2011 to serve as mayor by County Commission early in his current term on County Commission. This was a 19-month appointment until a mayor could be elected for the remaining two years of former Mayor Rex Lynch’s term.

“It was an honor to be selected by my peers on County Commission to serve as chairman of County Commission for three terms and then as mayor during a difficult time for our county government,” Iwanski said in a press release.

“We had to work together to make some tough decisions,” Iwanski said. “We put several initiatives in place that will expand our retail and industrial tax base, promote tourism, and create jobs. This included setting funds aside for industrial land and infrastructure and creating a public/private partnership to hire a retail recruiter. We also put initiatives in place that are slowing the growth in the county jail population while helping reduce the crime rate. [Read more…]

Filed Under: 2014 Election, Anderson County, Government, Top Stories Tagged With: Anderson County Commission, Budget Committee, crime rate, David Gengozian, District 8, Emory Valley, Emory Valley Center, fund balance, General Sessions Court, Hendrix Creek, industrial land, jail population, jobs, Kari Iwanski, mayor, Myron Iwanski, Oak Ridge, retail, Rex Lynch, Roane State Community College, Senior Center, spending, tax base, tax increase, Tennessee Valley Authority, tourism, Woodland, Woodland Town Center

Letter: Urge City Council, residents to invest in schools

Posted at 5:49 am June 14, 2014
By Oak Ridge Today Letters 28 Comments

Dear members of City Council and fellow citizens:

We are writing this letter in response to the Fiscal Year 2015 budget decisions made during the June 9 Oak Ridge City Council meeting. The Council’s overwhelming vote to maintain property tax rates at the same rate they have held steady at since 2009 may bode well for the short-term pocketbooks of our residents, but the long-term results are disconcerting and disheartening for many.

City Council is alienating the tax base that it needs to nurture. The young professionals, business owners, and families with school-aged children who once flocked to this city but now trickle must be heard by Council. These families have the disposable income to spend in Oak Ridge stores, and will pay the property taxes for decades to come that will keep this city viable. Yet at this Council meeting, our voices were not truly heard.

The argument that we continue to hear is that “our schools have plenty of money” and that the schools “need to learn to live within their budget.” The Oak Ridge Schools have proven that they can do this, but what is the cost of this attitude? How does this foster a strong relationship with not only the schools and their employees, but the families and students? How can the Schools continue to maintain excellence without, at the very least, inflationary and cost of living increases, when really it takes much more? [Read more…]

Filed Under: Education, K-12, Letters, Opinion Tagged With: Board of Education, Bruce Borchers, budget, digital devices, Donna Butcher, education system, expenses, Fernanda Foertter, Fiscal Year 2015, funding, Greg Foertter, Jutta Bangs, Mike Mahathy, Oak Ridge City Council, Oak Ridge Schools, property tax increase, property tax rates, property taxes, school board, schools, tax base

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Classifieds

Availability of the draft environmental assessment for off-site depleted uranium manufacturing (DOE/EA-2252)

The U.S. Department of Energy (DOE) National Nuclear Security Administration (NNSA) announces the … [Read More...]

Public Notice: NNSA announces no significant impact of Y-12 Development Organization operations at Horizon Center

AVAILABILITY OF THE FINAL ENVIRONMENTAL ASSESSMENT FOR THE OFFSITE HOUSING OF THE Y-12 DEVELOPMENT … [Read More...]

ADFAC seeks contractors for five homes

Aid to Distressed Families of Appalachian Counties (ADFAC) is a non-profit community based agency, … [Read More...]

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