Dauphin County, Pennsylvania; Appropriation, Appropriations; Tax Secured, General Obligation Nov 05

Standard & Poors, November 2005

Abstract
The 'AA' standard long-term rating and Standard & Poor's underlying rating (SPUR) on Dauphin County, Pa.'s series 2005 and outstanding GO bonds reflect: A large economic base that is anchored by state and federal government employment; A projected improvement in general fund reserve levels for fiscals 2004 and 2005, resulting from cost containment measures and property tax rate increases of 20% and 19%, respectively; A large and diverse tax base, coupled with significant tax raising flexibility, as the current tax rate is only at 6.88 mills of the 25-mill levy limit; and Wealth levels that are near the commonwealth and U.S. averages. These factors are partly offset by: Property tax collections that historically have been on the low end with...

Companies mentioned in this report are:
- Dauphin Cnty
- Dauphin Cnty Gen Auth
- Dauphin Cnty Indl Dev Auth

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

- Dauphin Cnty
- Dauphin Cnty Gen Auth
- Dauphin Cnty Indl Dev Auth

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