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The Democrats recently commented that the Republicans often promise to spend money wisely. They are correct. The Republicans did indeed spend money wisely. This is a fact, and has been affirmed with the recent credit rating boost.
On June 19, the Moody’s Investors Service removed the negative outlook on the town’s bond rating. Per Moody’s, the change reflects “the town’s continual fiscal stability over the last two years.”
S&P Global Rating has raised our bond rating to AAA. This will result in lower borrowing costs in the future, saving taxpayers thousands of dollars annually.
Bond ratings generally reflect a community’s fiscal management. Our bond rating increase is a result of the Republicans spending money wisely.