Summary: King County, Washington; Appropriations; General Obligation; General Obligation Equivalent Security Jun 12
- Language: English
- Published: June 2012
- Region: Washington
The rating on King County, Wash.'s bonds reflects: A broad and deep economic base, A large and growing tax base and strong income measures, Sound financial management, and Moderate, but manageable, debt. King County has a population of 1.67 million and is Washington's most populous county. One-third of county residents live in Seattle, the Pacific Northwest's economic center. The county's economy continues to expand and diversify. Increases in retail sales averaged 6.6% annually over the past five years, and per capita retail sales are 120% of state and national averages. Unemployment (2.9% for 1998) remains below state and national rates, as the Seattle metropolitan area continues to experience strong employment growth. However, Boeing, the largest local employer, projects work-force reductions...
Companies mentioned in this report are:
- King Cnty
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- King Cnty