Weber County is receiving continued recognition for how it handles its finances and officials say this translates to savings for the public at large.

On Wednesday, a press release heralded that Moody’s had reaffirmed the county’s “Aa1” financial rating for the fourth consecutive year.

“This rating reaffirms the County’s ‘high quality (financial obligation) and very low credit risk,'” the press release said, citing Moody’s. “It also results in lower interest rates for the County, saving taxpayers’ dollars.”

Jessika Clark, Weber County public relations manager, told the Standard-Examiner on Thursday that this is significant news.

“It gives a sense that we are smart with our finances in the county,” she said. “Essentially, if you think of a FICO credit score, we have one of the highest credit scores. It’s a sound testament that Weber County is leading the way in strong financial management.”

Clark said this news also impacts the average resident.

“When things come to play like bonds, the county will have a lower interest rate,” she said. “We are not paying as much in interest, and that will ultimately save money in the long run.”

The press release also notes that Fitch Ratings has given the county a “AAA” rating for 10 years running, last reiterated in August.

Clark said this trend is expected to continue.

“This is a great achievement,” she said. “The rating came with an outlook saying we’re going to be in this rating for the next year or so.”

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