Municipal Strategic Management: A Case Study Examining the Effects of Ontario County’s Change in Bond Rating on the Municipality’s Finances

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Authors
Burdick, David
Murphy, Jordan
Neale, Richard
Issue Date
2013-04-20
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panel
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en_US
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Background: Recent events such as counties and cities across the United States going bankrupt has shown the importance of good strategic management among the leaders of municipalities. Ontario County of New York State has been one of the most successful counties financially in the past. The county recently made the decision to improve their bond rating from Aa2 to Aa1 under the Moody’s Investor Services Scale. Although it was not a huge jump, this presentation chose to look at how this change affected the municipality’s finances, as well as whether or not the management saw the desired results of the change in rating. Methods: To examine whether or not this strategy of the management of Ontario County was successful or not, this presentation uses an interview with members of the county’s leadership. Based on their answers to several interview questions as well as examination of the actual financial effect on the county the research will be able to better understand whether or not this strategy was the correct one. As an example, we chose to examine the county’s current debt and how the refinancing of that debt was beneficial or not to the county’s finances. This research also looks into current literature on the importance of a good bond or credit ratings whether it be for municipalities or businesses
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Business Panel presentation
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