Bonds Sold To Help Officials Pay For Upcoming Projects In HoCo

Columbia MD

02 March, 2022

1:56 PM

Description

HOWARD COUNTY, MD — A total of $76 million in public improvement and metropolitan district bonds have been sold by Howard County through a competitive bid process. The sale will help the county with upcoming big ticket expenses. The true interest cost for CPI and metro bonds came in at 2.20 and 2.64 respectively. These bonds are considered to be highly valued in the marketplace, the county said, in large part due to the county's AAA credit rating, which was affirmed by all three credit rating agencies last month. "Howard County continues to demonstrate strong fiscal management and smart stewardship of taxpayer dollars," Howard County Executive Calvin Ball said. "Our team worked thoughtfully to execute a successful bond sale and this allows us to invest in our community with school construction and renovation, preserving green spaces, stormwater infrastructure and so much more while respecting taxpayer dollars." Some of the projects to be funded through the bond sale include: New elementary school #42Talbott Springs Elementary replacementHigh school #13Blandair Regional ParkPolice department building upgrades and renovationsStorm drain improvementsUpgrades the to the Little Patuxent Water Treatment facility