City Finances in Good Shape

Following an upgrade earlier this year, Moody’s Investors Services has confirmed New Rochelle’s Aa2 bond rating.  According to Moody’s, the sustained rating “reflects the City’s multi-year trend of operational surpluses and healthy financial position, along with maintenance of a stable tax base and moderate pension costs and debt burden.”

It’s good news for taxpayers, who will save on interest costs as New Rochelle implements our 10-year capital plan.  Read more here.