State Delegation Applauds Moody’s Upgrade of Rockland County Finances

Posted by  Richard Gandon   in       3 years ago     622 Views     Leave your thoughts  

Points to Strict State Oversight as Contributing Factor 

Senator David Carlucci (D-Rockland/Westchester) said, “The report issued today by the credit rating agency Moody’s, upgrading Rockland County’s bond outlook to Baa2 and a positive outlook, is very good news for Rockland taxpayers. Working together, we were able to deliver on strong State oversight of Rockland’s budgeting practices which Moody’s directly refers to in their report as a major reason for the upgrade. I will continue to work together to make sure Rockland continues on this path of positive fiscal improvement.”

Assemblyman Ken Zebrowski (D-New City) said, “Today’s  upgrade of Rockland County’s credit rating by Moody’s is a step in the right direction toward long-term financial stability.  The County not only received an upgrade of their credit rating to a Baa2, but was also issued a positive outlook. In assigning the positive outlook, Moody’s credited the County’s continued commitment to improve their fiscal health and the unprecedented State oversight that we advocated for as part of the deficit financing law.”

Assemblywoman Ellen Jaffee (D-Suffern) said, “I am pleased that Rockland County’s bond rating has been upgraded and that our assistance with the deficit reduction bond allowed them the time they needed to move in the right direction. This is great news.”

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Richard Gandon is the Owner and Publisher of hyper-local community news websites. With a background in financial services, sales and training, he bring a unique perspective to journalism. He hosts a bi-monthly radio show and is a professional photographer.