Issuer Type: County/City/Town
On behalf of Wayne County, Michigan I would like to welcome you to our new investor relations website. We appreciate your interest and investment in bonds issued by the County, as it allows us to make critical investments in public infrastructure throughout Wayne County. We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.
I hope you find this website useful as you seek to better understand the credit fundamentals of Wayne County, MI. Please do not hesitate to contact our office with suggestions for how we can be doing better. Thanks again for your interest in our bond program.
Warren C. Evans, County Executive
Wayne County Executive Warren C. Evans today announced he will veto an amendment by County Commission to his proposed budget for the 2018-19 fiscal year, which would increase the stipend paid to Medicare eligible retirees by $15 per month per person. This amendment will result in increasing the County’s unfunded OPEB liability by an estimated $5.6 million. The County Commission approved the County’s budget which included the amendment by a vote of 13-2
DETROIT - Today, Wayne County took another step toward breaking ground on a new criminal justice center as it closed on its bond sale, which will raise $315 million toward the criminal project on East Warren Avenue. Work on the criminal justice center is expected to begin in October as Rock Ventures’ demolition of the unfinished Gratiot jail continues.