Treasurer Lynn Fitch sees financial good times ahead for Mississippi

GULFPORT — Mississippi’s bond debt amounts to $1,746 for every man, woman and child, but state Treasurer Lynn Fitch said that will only go down in the future.

Fitch talked to the Sun Herald on Wednesday about things her office is doing to ensure the state is a good steward of taxpayer money. She said officials just met with financial ratings agencies this month to make a case for a good bond rating.

She said she expects it to stay at AA, though the goal is to someday get to AAA. But even a AA rating will help in the fall when the state sells bonds to finance projects, she said.

“(The debt) is coming down,” she said. “If you think back in the ’80s, the way of the country and the trend was bonding. That’s how you got projects done.

Sunherald
6/18/14