Missouri's High Credit Rating May Save Taxpayers Money
By: Dave Smith
Updated: July 4, 2012
MISSOURI--- Governor Nixon estimated this will save taxpayers $44 million this fiscal year. All the credit rating agencies have rated Missouri's general obligation debt as AAA.
"With these savings, we are again seeing the benefits of Missouri earning the highest marks from the top credit rating agencies," says Gov. Nixon. The lower interest rate translates into millions saved for taxpayers. This is right in line with the philosophy we've put into practice from the beginning: maintain tight financial discipline, balance our budget, and lay the groundwork for our economy to move forward. It is reaping benefits now and for years to come."
Missouri's AAA rating is one of only a few states with this distinction.
