FY 25 Harford County Government Proposed Operating Budget

DEBT SERVICE 661110 Principal, 662110 Interest General Funds

ORIGIN / PURPOSE: The official statement dated January 23, 2024 consists of Harford County General Obligation Bonds in the amount of $75,545,000. This includes $40,000,000 in Consolidated Public Improvement Bonds Series 2024A and $35,545,000 in Refunding Bonds Series 2024B. The County received the highest rating possible from all three investor services, making Harford County bond ratings: Fitch Ratings AAA, Standard and Poor's AAA, and Moody's Investors Service Aaa. It is Harford County's practice to conduct an annual bond sale contingent on capital project needs and the economic conditions of the bond market. Prior to selling bonds, the County will issue Bond Anticipation Notes (short term financing) to start the construction of capital projects based on cash flow needs.

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