Macon-Bibb looks to balance tax loss with better bond rating
By Jim Gaines, The Macon Telegraph | |
McClatchy-Tribune Information Services |
"We don't have any immediate projects that need bonding, but we're going to need things down the road," said Commissioner
A better rating means the government can borrow money more cheaply, he said Thursday.
An upgraded bond rating will be especially important because the newly consolidated government is expecting to take a
County Manager
Bechtel, Walker, Mayor
Thursday, Rose and
Rose and Rogers said the government needs to set solid financial-reserve policies that will be hard for subsequent commissions to undo. When the first consolidated budget is prepared in a couple months, a concrete plan for upcoming capital improvements needs to be set, they said. Based on that and an assessment of existing debt and revenue, credit agencies will decide the new rating, Rose and Rogers said.
After
The firm has a 36-member team of financial and management specialists who will oversee independent money-management firms. But a subsidiary of
"In our opinion, nobody should be consulting, managing your money and holding those funds," she said.
Money managers whose investments underperform the market will be put on a "watch list" and may be replaced if there's not a practical justification for their investment decisions, Sanders and Whitledge said. The overall investment portfolio should be as diverse as possible, creating different levels of return and risk, Underwood said.
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