Statement from Orange County Vice Chair Katrina Foley on the County of Orange Receiving AAA Rating

FOR IMMEDIATE RELEASE
April 30, 2025

Latisha Townsend – Communications Director, Supervisor Foley      
(714) 559-8364 | Latisha.Townsend@ocgov.com

Statement from Orange County Vice Chair Katrina Foley on the County of Orange Receiving AAA Rating

ORANGE COUNTY, CALIFORNIA – Today, Orange County Board of Supervisors Vice Chair Katrina Foley released the following statement regarding the County maintaining its designation as an AAA rated organization with a stable outlook by Fitch Ratings. This rating highlights the County’s strong budget resilience and a shared commitment to low debt.

“This AAA rating reflects Orange County’s strong fiscal health and responsible financial management. While neighboring jurisdictions are seeing their ratings decline largely due to unsound financial planning, we have maintained our excellent standing and we’re not stopping here,” said Vice Chair Katrina Foley. “The County continues to meet our catastrophic reserve contingency goals while fully funding our general fund reserves. We are committed to protecting taxpayer dollars, making strategic investments, and continuing to grow our local economy for years to come.”

Under Vice Chair Foley’s leadership, residents in the Fifth District and across the County can be assured that fiscal discipline and budgetary transparency will be top of mind throughout the upcoming County budget process, encouraging County leadership to prioritize services and programs that will be most effective to the collective health, safety, and economic well-being of all who call Orange County home.

To inquire about Supervisor Foley’s media availability, please contact Latisha Townsend at (714) 559-8364.

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Orange County Supervisor Katrina Foley was elected to the Board of Supervisors in 2022 to represent the newly established District 5, which includes the cities of Aliso Viejo, Costa Mesa, Dana Point, a large portion of Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Newport Beach, San Clemente, San Juan Capistrano, as well as the unincorporated areas of Coto de Caza, Emerald Bay, Ladera Ranch, Las Flores, Rancho Mission Viejo, Stonecliffe and Wagon Wheel. This is her second term on the Board of Supervisors, where she previously served District 2.

Vice Chair Foley’s 2025 Board appointments include:

Chair – Orange County Housing Finance Trust,

Orange County Audit Oversight Committee,

Orange County Transportation Authority (OCTA),

Vice Chair – OCTA Legislative and Communications Committee, Regional Transportation Committee,

Los Angeles – San Diego – San Luis Obispo (LOSSAN) Rail Corridor Agency,

Transportation Corridor Agency (TCA), TCA Joint Capital Improvements and Projects Committee,

San Onofre Nuclear Generating Station (SONGS) Community Engagement Panel,

Co-Chair – Spent Fuel Solutions Coalition,

Orange County Public Libraries Advisory Board, Coastal Greenbelt Authority,

Newport Bay and South Orange County Watershed Executive Committees,

Ocean Institute, Orange County Community Corrections