Citing 'dramatically improved finances,' Moody's issues Town

Citing 'dramatically improved finances,' Moody's issues Town of Kearny credit upgrade


Hudson County View
Kearny Town Hall. Photo via Google Maps.
By John Heinis/Hudson County View
“When it became apparent a year ago that the pandemic would not be short-term, we began planning not only for a public health emergency but also preparing for the financial impact. Despite the added pressures created by the pandemic, Moody’s two-notch upgrade of our rating demonstrates the success of our efforts,” Mayor Alberto Santos said in a statement.
The Moody’s report, issued yesterday, said the town has fared relatively well financially during the COVID-19 pandemic.
“The ongoing pandemic has had only a modest impact on the town. While certain non-tax revenues came in below budget, this was more than offset by expenditure reductions. In addition, property taxes, the largest source of revenues, performed admirably,” the agency wrote.

Related Keywords

New Jersey , United States , Town Of Kearny , John Heinis Hudson , Alberto Santos , Town Council , Department Heads , Moody Credit Agency , Moody , Great Recession , Business Administrator , Town Auditor , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் கெஅர்நி , ஆல்பர்டோ சாண்டோஸ் , நகரம் சபை , துறை தலைகள் , மனநிலை , நன்று மந்தநிலை , நகரம் தணிக்கையாளர் ,

© 2025 Vimarsana