- We applaud the Cambria commissioners' continued efforts to improve the county's financial standing, and we join them in hoping an improved bond rating is in the future.
The county has contracted with Wessel & Co. to develop a five-year projection on expenses and revenue for the purpose of seeking a higher bond rating from Standard & Poor's.
Currently, the county's rating stands at a stable BB – up from years past but still in the non-investment range, meaning county bonds could be more attractive to investors.
The report should be done in a month, the commissioners said. We look forward to the results.
Meanwhile, we join the county in celebrating yet another year-end surplus.
For the fifth time in six years, Cambria finished in the black in 2009 – some $116,000 to the good.
Auditors from Wessel said the county had a $6.1 million unreserved fund balance, a complete turnaround...
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