County of Cumberland, Maine
CUSIP 230525JE8
- Issue Currency: United States of America Dollars
- Announcement Date: 03-Aug-2018
- News: Cumberland County (Aa2) benefits from a sizeable and dynamic tax base that serves as an economic center for the state. Unlike some other Maine counties, Cumberland is seeing steady population growth and increasing home values with residents that have aboveaverage income profiles. The countys financial position is adequate but the financial position of the combined operating funds (General Fund and Jail Fund) has declined in each of the last five years. The county`s below-average reserves is somewhat offset by fairly predictable expenditure structure and manageable debt and pension burdens. Cumberland is also moderately exposed to enterprise risk. Update following the downgrade to Aa2 from Aa3 on July 3, 2018.
- Issue Currency: United States of America Dollars
- Announcement Date: 03-Aug-2018
- News: Cumberland County (Aa2) benefits from a sizeable and dynamic tax base that serves as an economic center for the state. Unlike some other Maine counties, Cumberland is seeing steady population growth and increasing home values with residents that have aboveaverage income profiles. The countys financial position is adequate but the financial position of the combined operating funds (General Fund and Jail Fund) has declined in each of the last five years. The county`s below-average reserves is somewhat offset by fairly predictable expenditure structure and manageable debt and pension burdens. Cumberland is also moderately exposed to enterprise risk. Update following the downgrade to Aa2 from Aa3 on July 3, 2018.
- Issue Currency: United States of America Dollars
- Announcement Date: 03-Aug-2018
- News: Cumberland County (Aa2) benefits from a sizeable and dynamic tax base that serves as an economic center for the state. Unlike some other Maine counties, Cumberland is seeing steady population growth and increasing home values with residents that have aboveaverage income profiles. The countys financial position is adequate but the financial position of the combined operating funds (General Fund and Jail Fund) has declined in each of the last five years. The county`s below-average reserves is somewhat offset by fairly predictable expenditure structure and manageable debt and pension burdens. Cumberland is also moderately exposed to enterprise risk. Update following the downgrade to Aa2 from Aa3 on July 3, 2018.
