The 'AAA' rating on Monmouth County, N.J.'s GO improvement bonds series 2004A and GO refunding bonds series 2004B reflects: A strong local economic base centered on the health care and telecommunications industries; A diverse and rapidly growing tax base; Wealth and income levels that exceed both state and national levels; A consistently strong financial position, with substantial operating surpluses and current fund balance levels; and An increasing, yet manageable, overall debt burden. The bonds are secured by the county's full faith and credit pledge. Proceeds of the series 2004A bonds will be used to finance various capital and facility construction and improvements in the county. Proceeds of the series 2004B bonds will be used to refund approximately $36.72 million of
