Drizzle Fog/Mist 45°
Tag:

Debt Service

Politics
Rockland Budget With 2.9 Tax Hike Adopted Rockland Budget With 2.9 Tax Hike Adopted
Rockland Budget With 2.9 Tax Hike Adopted Rockland County Executive Ed Day thanked the Minority members of the Rockland County Legislature for supporting his vetoes as the county's $709 million budget with a 2.9 percent tax hike was approved. "The Majority's amended budget would have been a return to the days of speculative revenue, over-estimating sales tax revenue and a refusal to modernize county government," said Day. "In short, a budget like theirs could lead us back down the path of deficits and double-digit tax increases; a return to the sins of the past." The vetoes included Legislative amendments that: Included $3.5 mill…

SHARE

by Kathy Reakes
Business
Rockland County Bond Ratings Earn Top 'A' Status From Standard & Poor's Rockland County Bond Ratings Earn Top 'A' Status From Standard & Poor's
Rockland County Bond Ratings Earn Top 'A' Status From Standard & Poor's Rockland County Executive Ed Day announced that Standard and Poor’s rated Rockland's bonds in the A category, a clear sign that fiscal policies he put into place are paying off for taxpayers.  The A- rating by Standard and Poor’s is the county's sixth consecutive bond upgrade since 2014, when Rockland's bonds were rated just above junk and the county had a $138 million deficit. “I vowed I would restore this county to a position of fiscal responsibility and strength – that I would right our financial ship. I have kept that promise,” Day said. “This upgrade means that we can borrow money as w…

SHARE

by Jon Craig