Atlantic County, NJ Providing Taxpayer Savings: Here’s How

Atlantic County, New Jersey government, under the direction of Dennis Levinson has consistently delivered frugality and results when it comes to saving taxpayer dollars.

This is especially important in light of the highest, runaway inflation that America has seen in 40 years.

This has caused the Federal Reserve Board to raise interest rates 10 times since 2022.

This is where County Executive Levinson’s stewardship of Atlantic County finances comes into play.

We have learned and cam exclusively report that Atlantic County government has retained its top tier bond ratings by both Moody's Investors and Standard & Poor's Global Ratings.

What this means is that Atlantic County can borrow at lower interest rates for capital improvements and other county purchases.

Moody's Investors has given Atlantic County an Aa2 stable rating and Standard & Poor's has given an A stable rating.

Atlantic County under Levinson has enjoyed preferred credit ratings status for the past 15 years.

"Atlantic County has once again earned an A on its financial report card," said Levinson. "The financial team we have put in place does an outstanding job in keeping the best interests of our taxpayers a priority."

During our on-air interview with Levinson he explained why maintaining the top tier ratings is important to county residents.

"The higher the bond rating, the lower the interest rate, and the larger the savings are for our taxpayers," said Levinson. "As the public struggles with higher costs for housing, food and recreation, they can be assured that Atlantic County is working to keep more money in their pockets."

"Taxpayers may recall this year's county budget includes an overall 2.5-cent tax rate decrease," said Levinson.

Standard & Poor’s and Moody's both mentioned Atlantic County’s  strong management team, along with their fiscal practices.

They rating agencies also detailed the aggressive economic development and diversification strategies in place with The County of Atlantic.

"The stable outlook reflects our expectations that given management's strong track record and detailed planning, the county's finances will continue the historic trend of remarkable stability," wrote Moody's.

According to Standard & Poor’s, “Atlantic County maintains sophisticated and well-embedded financial management policies and long-term planning which form the backbone of the county's credit quality.”

Atlantic County has strong liquidity, low debt and strong reserves, which were mentioned by both Standard & Poor’s and Moody’s.

Finally, during Levinson’s time as Atlantic County Executive, the County of Atlantic has achieved 24 consecutive perfect audits.