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'Financial Resilience': Westchester County's Bond Rating Outlook Upgraded By Fitch Ratings 'Financial Resilience': Westchester County's Bond Rating Outlook Upgraded By Fitch Ratings
'Financial Resilience': Westchester County's Bond Rating Outlook Upgraded By Fitch Ratings Westchester County's bond rating outlook has been upgraded by Fitch Ratings, a reflection of the county's "improved financial operations," officials said.  The county's bonds have been assigned an "AA+" rating by Fitch, and the county's rating outlook has been upgraded to "positive" from "stable," according to an announcement by county officials from Monday, Nov. 21.  "This is all done by good strategic planning and budgeting, we have increased the county’s unrestricted general fund balance, bolstering the County's overall financial resilience," said Westchester County Execut…

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by Ben Crnic
Politics
Latimer Calls For Slight Sales Tax Increase Latimer Calls For Slight Sales Tax Increase
Latimer Calls For Slight Sales Tax Increase Property taxes may soon be frozen, but consumers in Westchester will also be paying an increased sales tax if County Executive George Latimer's plan is enacted. Latimer has proposed “The Westchester County Property Taxpayers Protection Act,” which, if approved, would keep the property tax levy flat for two years, while raising sales tax 1 percent. The proposal would help stabilize the county’s finances after losing its AAA rating - the highest ranking available - in each of the Big 3 rating agencies, last year. “As the bond rating agencies scored us and lowered our bond rating, put us on a …

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by Zak Failla