Oneida County Finishes 2013 With Surplus [VIDEO]
Oneida County closed the books on the 2013 fiscal year in the black.
County Executive Anthony Picemte says the county finished the year with a $1.5 million operating surplus.
Picente says the surplus was created by practicing good government.
Picente added “Again this year the surplus is expense driven. We have kept government expenses down while focusing on projects that will result in long term net savings like consolidation efforts and flood mitigation projects.”
He says the surplus was a major reason for the county’s recent credit rating upgrade.
The county’s credit rating was recently increased from A-plus to Double-A-minus by Standard and Poors.