October 11, 2008

Oakland County seen as recession resistant, but not recession proof

Hometownlife.com
Oakland County Executive L. Brooks Patterson addressed members of The Engineering Society of Detroit in Novi Wednesday, highlighting initiatives to lead the county through difficult economic times.

Among the initiatives Patterson outlined at the Rock Financial Showplace include maintaining a AAA bond rating for nine years, saving the county millions of dollars a year, and the establishment of a two-year rolling budget, a financial model Patterson said is revered by Wall Street.

The county finance team is now working on the 2011 budget

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