The 'AAA' rating on Monmouth County, N.J.'s GO bonds reflects: A strong local economic base centered in the health care and telecommunications industries, Solid tax base growth, Wealth and income levels that exceed both state and national levels, Sound financial performance highlighted by substantial fund balances, A moderate debt burden, and A manageable capital improvement program (CIP). The bonds are general obligations secured by the full faith and credit of the county. Of the $36 million of bonds issued, $6 million are also county college bonds, which are entitled to the benefits of the provisions of the County College Bond Act. Under the act, the state appropriates and pays annually, on behalf of the county, an amount equal to the
