Politics & Government

Leggett Goes to Wall Street to Talk Bond Ratings

The county executive traveled to Wall Street on Thursday to brief bond houses on the county's economy.

With the shutdown over and Glen Echo Park reopened, Montgomery County was getting back to normal on Thursday, Oct. 17. 

"I’m extremely happy that 70,000 Montgomery County residents who work for the federal government will be going back to work," Montgomery County Executive Isiah Leggett said. 

"I’m pleased that folks who work on federal contracts also will see relief. And, also, I’m glad that Glen Echo Park open."

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Leggett, County Council President Nancy Navarro and other county officials traveled to New York City on Thursday to brief Wall Street bond houses on the county’s economic recovery.

"This shutdown never should have happened. It was bad politics and bad for business. And we should resolve—and work—to be sure it doesn’t happen again," Leggett said. 

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"The shutdown may be over but the uncertainty about a sequel will continue to adversely affect public and private spending and investment decisions. This undermines the considerable efforts and successes that I and the council have had in making tough decisions during the Great Recession, boosting our own county reserves and laying the foundations for the county’s economic recovery and growth," he added.

The county has "a strong record due to our fiscal stewardship over the past several years. Our Triple-A bond rating from Wall Street saves county residents millions of dollars in interest rates every year. Despite the national economic uncertainty in the wake of the shutdown, I am looking to keep that," he said.


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