Standard & Poor’s lowered its rating of Columbia County, Pa., by two notches to A-minus from A-plus, citing a drop in general fund balances to 2.4% of expenditures in fiscal 2011 from 14%.

“The lower rating reflects a significant decline in the general fund balance, which is now at nominal levels because of the county’s reliance on state and federal revenues that have been consistently under budget,” analyst Richard Marino said.

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