Keyword: Moody's
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I’ve been reading former U.S. Sen. Al D’Amato’s last few columns, extolling the virtues of Republican County Executive Ed Mangano. more
Saying that Long Beach has avoided the fate of Detroit, the Long Beach City Council voted unanimously on Tuesday to lift its declaration of a fiscal crisis, after Moody’s Investors Service revised … more
It had only been several months since the city took steps to balance its budget and close a $10 million deficit before Hurricane Sandy hit on Oct. 29, causing damage that is expected to cost the … more
Moody’s Investors Service, the credit-rating agency that downgraded Long Beach’s rating five levels last year to a step above junk bond status, is calling the city’s effort to reduce its … more
Moody’s Investor Services and Standard & Poor’s have affirmed their very high ratings for $8.2 million of Rockville Centre general obligation bonds that will be used to finance improvements to the electric and water utilities, road resurfacing and drainage projects, the rehabilitation of athletic fields and the purchase of vehicles for the Department of Public Works and the Fire Department. more
As the city contends with a projected $10.25 million deficit, the City Council voted 4-1 on Tuesday to borrow $5 million in tax-anticipation notes in order to make payroll at the beginning of … more
The City of Long Beach dodged a junk-bond credit rating on Tuesday, after Moody’s Investors Service announced that the city was no longer in jeopardy of a further downgrade. In December, … more
Legislation that would allow Long Beach to borrow millions in serial bonds in order to reduce a proposed 16 percent tax increase and pay off a staggering $10.25 million deficit is expected to pass … more
The City Council voted 3-2 at Tuesday’s budget hearing to adopt the $87.9 million budget for 2012-13, but not before Civil Service Employees Association workers who were laid off earlier this … more
The city released a summary of its proposed 2012-13 budget on Tuesday, an $87.9 million spending plan that includes “significant” spending cuts and no layoffs, but comes with a 4.1 percent … more
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