Hamilton County's Sales Tax Rating Sees Boost

Hamilton County's sales tax rating received a recent boost that will ensure the County pays a lower interest rate on sales tax bond refunding. Moody's Investors Service has upgraded the County to Aa3 from A1 citing the County's robust fiscal health and role as the economic center of southwest Ohio. In addition to the upgraded sales tax revenue rating, the County's overall outlook continues to be stable.

"To be upgraded while still battling a pandemic is a testament of the fiscal discipline directed by the Board of County Commissioners and solid fiscal stewardship by every department in the county," said County Administrator Jeff Aluotto. "Strengthening our bottom line continues to be a priority as we enter our budget discussions over the next few months. We still have a lot of work to be done but we are headed in the right direction."

Other factors contributing to the County's rating promotion include the additional 0.25% sales tax Commissioners voted on in 2019 and careful management of the property tax rollback. Moody's also cited the County's "steady economic recovery from the height of the coronavirus pandemic…" as a reason for the stable rating outlook.

Read the entire press release from Moody’s Investors Services here  .

Posted on 09/27/2021