TOWN MAINTAINS HIGHEST BOND RATING - AAA
Release Date: August 20, 2009
These are difficult economic times for municipalities around the nation. Many municipalities & businesses have seen their bond ratings reduced. I am very pleased to report that Standard & Poors has maintained the towns AAA bond rating. The bond rating was increased last year to the highest rating possible. Approximately 3% of all localities in the nation have this bond rating. The strong rating provides real benefits to taxpayers and reduces our borrowing costs.
The members of the Town Board (Sonja Brown, Diana Juettner, Kevin Morgan, Francis Sheehan) & I pledge to work hard to continue to run the town in the most fiscally prudent manner. We are currently working on the 2010 budget --and are looking for ways to reduce the costs of operating our government.
Greenburgh Town Supervisor
From: Bart J. Talamini
Sent: Wednesday, August 19, 2009 1:37 PM
To: Town Board
Subject: Bond Sale 11,459,103
The Town of Greenburgh sold its $11,459,103 Series 2009 A General Obligation Bonds, to Roosevelt & Cross, at a true interest cost of 3.1938% today at 12:00pm.
Standard & Poor’s maintained the Town’s AAA credit rating on this issue and affirmed its AAA credit rating on the Town’s outstanding debt.
Moody’s maintained the Town’s Aa1 credit rating on this issue and affirmed its Aa1 credit rating on the Town’s outstanding debt.
Town of Greenburgh