Saturday, May 18 2013 8:00 AM EDT2013-05-18 12:00:09 GMT
In its effort to hire 10,000 new employees in May, Dollar General will host a career fair at Dollar General located at 2017 N Slappey Blvd. in Albany, Ga. on Saturday, May 18 from 10 a.m. to 2 p.m.More >>
The event is held as part of the major retailer's effort to hire 10,000 new employees in May...More >>
Friday, May 17 2013 11:59 PM EDT2013-05-18 03:59:20 GMT
The family of an Albany teenager who died on Friday, isn't sure how they'll pay for her funeral. 16-year old Keyanna Lang died from a heart condition. Due to her illness the family couldn't keep lifeMore >>
The family of an Albany teenager who died on Friday, isn't sure how they'll pay for her funeral.More >>
Friday, May 17 2013 11:58 PM EDT2013-05-18 03:58:09 GMT
A student-led effort to help cancer survivors ended up being a big success at a Lee County School. Friday students at Twin Oaks elementary school donated the proceeds from their effort to the Cancer CoalitionMore >>
A student-led effort to help cancer survivors ended up being a big success at a Lee County School. Friday students at Twin Oaks elementary school donated the proceeds from their effort to the Cancer Coalition of Southwest Georgia.More >>
Friday, May 17 2013 11:44 PM EDT2013-05-18 03:44:12 GMT
Furloughs for Marine Corps Logistics Base workers could start in less than two months. About 2,000 workers at the Albany base will have to take up to 11 unpaid days off in the next fiscal year that startsMore >>
Furloughs for Marine Corps Logistics Base workers could start in less than two months.More >>
Friday, May 17 2013 11:43 PM EDT2013-05-18 03:43:28 GMT
The Rat Pack came back to Albany Friday night. Sinatra and Friends performed at Doublegate Country Club to raise money for the Albany Symphony Association. The guys who play the roles of Frank Sinatra,More >>
People danced the night away to Frank Sinatra tunes.More >>
While the U.S. may have lost its AAA credit rating from Standard & Poor's, Georgia's rating remains among the best in the nation.
Georgia is one of 13 states with a triple A rating and one of five with a AAA stable rating from all three agencies.
Hard working Georgians are keeping the Peach State's credit rating up and better than the nation's rate as a whole.
"You don't get a AAA rating overnight, you don't get it based on some short term situation, we've had a very good history as a state of managing our funds," said Vic Sullivan, Wells Fargo Advisors Branch Manager.
A lot of it is based on Georgia's income tax, the tax we all pay out of our check.
"That really does allow the state to have a nice steady amount of income as compared to some states that are operating largely off of gasoline tax and things along that line that some states have higher property taxes, things along those lines can be quite a bit more variable," said Sullivan.
Digging deeper we learned Georgia is just one of five states that has a AAA rating from all three bond rating agencies. It also helps when the state wants to borrow money for a big project, like highway transportation improvements.
"So the idea is to borrow the money and pay for it over a generation rather than making everybody all the taxpayers who live in Georgia today absorb it all," said Sullivan.
If the state has a good fiscal house, then as they borrow.
"They're viewed by the market place as a very attractive place to do that and with that strong degree of credit rating and confidence that allows Georgia to borrow money at the best rate you can get," said Sullivan.
Ultimately saving tax payers money on state improvement projects.
Investors have a tendency to be interested in bond securities because the interest gained is federal tax free. If it's done within the state it can also be state tax free giving an investor a better return on their investment.