The truth about Cobb's vaunted triple-triple rating
Channel: Craig Kootsillas
Date: 2016-01-29

Cobb continually crows mightily about their "Triple-Triple" A bond rating, meaning their bonds were rated triple A by the three major bond rating agencies and the fact they have the smallest budget in metro Atlanta?

This is hooey.  The bonds recently issued are not counted as debt and most major expenditures are not included in the budget.  Items such as transportation and known, planned and required capital expenditures.

Cobb Finance Manager Jim Pehrson lists what's not in the budget while being questioned by Cobb Commissioner Lisa Cupid in the recent meeting of the Cobb BOC.