Note: The following release has been updated to reflect the County's rating is among the highest in New York State.
POUGHKEEPSIE, NY — Standard & Poor’s (S&P) Rating Services has once again confirmed Dutchess County Government’s solid AA+ bond rating, among the highest S&P rating among county governments in New York State. S&P Global Ratings assigned its AA+ long-term rating to the County's $12 million series 2025 public improvement serial general obligation bonds, which will be used to fund various capital projects, including highway and bridge improvements, as well as roof replacements at several County facilities and design of the Mental Health campus at 230 North Road.
Dutchess County Executive Sue Serino said, “Thanks to our commitment to responsible financial management and conservative fiscal practices, Standard & Poor’s has once again reaffirmed Dutchess County’s AA+ bond rating — among the highest awarded to any county government in the state. This rating is a testament to our dedication to safeguarding taxpayer dollars while making smart investments in the infrastructure and services that enhance residents' quality of life.”
In its report reaffirming the AA+ rating, S&P noted Dutchess County’s multiple strengths, including:
The full S&P report is available online. The County’s 2025 budget includes a 10th consecutive tax rate decrease.
County Executive Serino said, “Maintaining a strong bond rating, along with a healthy fund balance, ensures Dutchess County remains financially resilient, even in uncertain times. We take seriously the trust our residents place in us to manage their tax dollars wisely, and we will continue to make sound fiscal decisions that serve our community today and for generations to come.”
