2019 Official Statement
OFFICIAL STATEMENT RATINGS: (See ‘RATINGS’ herein) Fitch Ratings: “AAA (negative outlook)” S&P Global Ratings: “AA (stable outlook)” Moody's Investors Service: “Aa3 (stable outlook)” NEW ISSUE SERIAL BONDS In the opinion of Orrick, Herrington & Sutcliffe LLP, Bond Counsel, based upon an analysis of existing laws, regulations, rulings and court decisions, and assuming among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986. In the further opinion of Bond Counsel, interest on the Bonds is not a specific preference item for purposes of the federal alternative minimum tax. Bond Counsel is also of the opinion that interest on the Bonds is exempt from personal income taxes imposed by the State of New York or any political subdivision thereof (including The City of New York). Bond Counsel expresses no opinion regarding any other tax consequences related to the ownership or disposition of, or the amount, accrual or receipt of interest on, the Bonds. See “TAX MATTERS” herein. $44,777,388 COUNTY OF ONONDAGA, NEW YORK $44,777,388 General Obligation (Serial) Bonds, 2019 (the “Bonds”) CUSIP BASE NO. 68277D† Dated: July 3, 2019 Due: June 1, 2021-2039 MATURITIES Interest Interest Interest Year Amount Yield CUSIP† Year Amount Yield CUSIP† Year Amount Yield CUSIP† Rate Rate Rate 2021 $ 2,152,388* 5.000% 1.190% CV4 2028 $ 2,375,000* 4.000% 1.500% DC5 2034 $2,795,000* 4.000%
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