FLORHAM PARK, NJ: Mayor Mark Taylor, Borough Council Members, and Borough Staff are very pleased to inform you that Moody’s Investor Service has re-affirmed their triple-A (Aaa) rating, Moody’s highest rating for creditworthiness, on the Borough of Florham Park’s (NJ) general obligation bonds following an annual financial review.
Mayor Mark Taylor said, “As mayor, I am very proud of the Finance Team: our CFO Patrice Visco, our Budget Consultant Jon Rheinhardt, our auditor Ray Sarinelli, our Borough Administrator Bill Huyler, Finance Chair Charlie Malone, Finance Committee Member Scott Carpenter and all our Council Members for a job well done. The Borough of Florham Park is a very desirable place to live and to raise a family that is also a thriving business-friendly economy, too. We are very proud as our team delivers an annual budget that is both fiscally-responsible and keeps an eye on future years, too.”
Finance Chair Charlie Malone states, “On behalf of the residents and businesses of the Borough of Florham Park, we are not only very pleased with Moody’s decision to re-affirm Florham Park’s low debt obligations at their highest rating, Aaa, but the full content of their report paints an accurate financial picture of Florham Park’s finances, economy and tax base. Florham Park’s finances are not immune to annual challenges, but all should be very proud of our Team of Borough Professionals and Elected Officials in the manner in which they have been handled. Our track record of low tax rate increases leading to the second lowest tax rate in Morris County is part of the proof statement”.