Bucks County recounts 2014 in review

The government of Bucks County praised its management of fiscal resources during a review of 2014 released on Friday.

Government officials also cited two "triple-A" bond ratings and the successful completion of the new 285,000-square-foot Bucks County Justice Center.

Among other county accomplishments were the adoption of the 2015 budget that will keep taxes where they are and an expected surplus for the 2014 fiscal year -- a challenging feat in a difficult economic climate, according to Robert Loughery, chairman of the Board of Commissioners.

The budget, which was approved by Commissioners Charles Martin, Diane Ellis-Marseglia and Loughery, amounts to $393.9 million in operational funds.

Loughery also addressed the challenges the county ultimately overcame in 2014, citing increases in the general fund and 99 percent of retirement pensions being funded.

“The bottom line is that in eight out of the last nine years there has been no increase for the taxpayers of Bucks County,” Martin said. “That is due to a lot of hard work.”

Both Moody's Investor Service and Standard & Poor's (S&P) rated the county at an "AAA" rating, among only three in the entire commonwealth. It is also one of few counties nationwide to have two "AAA" ratings.

In its rating, S&P commended the county on a diverse base of property taxes and a strong local economy.

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