PITTSBURGH -- On Tuesday, Allegheny County Chief Executive Dan Onorato said the county's financial status is on the right track, partly due to the drink tax.

Onorato reported that two independent financial analyses show the county's financial situation has improved.

Standard and Poor's Ratings Services has raised Allegheny's County's debt rating from and "A" rating to an "A+" rating.

And Moody's Investors Service has changed the county's outlook from stable to positive.

Onorato said the findings have happened without raising property taxes, and that he won't let "a few bar owners wreak havoc on this county."

"We can say bring it on, because we have the facts behind us," Onorato said. "And the property owners of Allegheny County do not want a property tax increase."

Onorato also said there would be no reduction of the drink tax this year.

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