PORT JERVIS – Moody’s Investors Service has upgraded the City of Port Jervis’ credit rating from A3 to A2.
Mayor Dominic Cicalese said the upgrade is good news for city taxpayers and reflects the city’s commitment to responsible budgeting, maintaining healthy reserves, and strengthening its long-term financial position.
“This is a significant accomplishment for the City of Port Jervis,” the mayor said. “It reflects the hard work and dedication of our city clerk’s office, finance committee, and city council.”
He said the city remains “committed to responsible stewardship of taxpayer dollars while building on this progress and making sound, forward-thinking financial decisions that will strengthen our city and position us for a successful future.”
Cicalese said the A2 rating strengthens the city’s position in the municipal bond market and can help support more favorable borrowing costs for future capital projects.”
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