Tuesday, May 20, 2008

Onorato Unveils Positive County Finance Information

Standard and Poor's Ratings Services has raised Allegheny County's debt rating from "A" to "A+" and Moody's Investors Services has changed the County's outlook status from "stable" to "positive." Allegheny County Chief Executive Dan Onorato says that these positive reports are a result of a tightened budget and sound fiscal planning that must continue in the future. Onorato cited these ratings and the fact that Allegheny County has not raised property taxes in 6 years against his opponents of the drink tax who claim he mismanaged the county. He says the choice is between a drink and car rental tax, or an increase in property tax and he refuses to increase property taxes. The Chief Executive challenged the homeowners of Allegheny County to join his side of the drink tax debate. Throughout the 6 years Onorato has been in office, neighboring counties all raised property taxes by at least 19%, while Allegheny County has not raised property taxes at all.

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