Union County News

Moody's Assigns Aaa Bond Rating to Union County, Outlook Stable

Credits: ucnj.org

ELIZABETH, NJ – Union County has attained the highest Moody’s Investors Services’ rating, Aaa, due to its continued economic strength and manageable debt levels, according to the credit rating company.

Moody's cited Union County as having "a very strong management team that has pushed hard to turn around the County's finances." In addition, the company noted that "the upgrade to Aaa rating reflects the county's large, diverse tax base with above-average wealth levels and its strong and improved financial position reflecting sound management and budgeting practices."

The high rating comes during a period of fiscal instability in the State of New Jersey, which has experienced ten credit downgrades since 2009.

Sign Up for E-News

"The bond rating is an affirmation of our sound fiscal management," Freeholder Chairman Bruce H. Bergen said. "The County Manager, the Freeholder's Fiscal Committee and the Department of Finance have worked hard to keep the County's fiscal house in top condition during a challenging economic period in our history."

Among the benefits, the ratings increase means the County could borrow money at lower interest rates, saving tax dollars.

"This is good news for the County and our taxpayers as a whole," said Freeholder Chairman Alexander Mirabella, who is also the fiscal committee chairman. "We will continue our progress this year in building upon this foundation of fiscal responsibility."

The ratings agency also noted the County's "tax base has actually grown in each of the past two years, indicating a potential turnaround. There are ongoing development projects throughout the county including new hotels, residential units, warehousing, luxury, senior living communities, mall expansions, and pharmaceutical expansions," throughout Union County.

 

TAP Into Another Town's News:

You May Also Like

Sign Up for E-News

Elizabeth

Upcoming Events

Carousel_image_bee8a4a4cd7fffcfc178_best_27b1aadd937cca1c7aac_aamcorosellepark-012417

Tue, May 30, 2:15 PM

Aamco Total Car Care, Roselle Park

Brake Special

Carousel_image_bee8a4a4cd7fffcfc178_best_27b1aadd937cca1c7aac_aamcorosellepark-012417

Wed, May 31, 2:15 PM

Aamco Total Car Care, Roselle Park

Brake Special

Carousel_image_bee8a4a4cd7fffcfc178_best_27b1aadd937cca1c7aac_aamcorosellepark-012417

Thu, June 1, 2:15 PM

Aamco Total Car Care, Roselle Park

Brake Special

Naturalization/Citizenship Information Session Scheduled at Union Public Library

May 30, 2017

UNION, NJ – The Union Public Library is hosting an information session on "How to become a U.S. Citizen," Wednesday, June 21, from 10 to 11:30 a.m.

This free session is for legal permanent residents (“Green Card” holders) and others interested in the official naturalization and citizenship process.

Topics covered include:

the Naturalization Process,
the ...

Dollar General Store Surprises Washington Elementary School with $50,000 and More!

May 26, 2017

ROSELLE, NJ - No one saw it coming! On Friday morning company officials from Dollar General descended on the Washington Elementary School with something BIG!! No one knew what was was about to happen, not the students, not the teachers, not even the principal!

Jeff Owen, Dollar General’s Executive Vice President, Store Operations, along with Denine Torr, Dollar General’s ...

Seton Hall Prep Dedicates Tevlin Memorial Field and Zimmermann Scoreboard

May 22, 2017

WEST ORANGE, NJ – The family, friends, teachers and teammates of Brendan Tevlin (Class of 2013) and Billy Zimmerman (Class of 2011) gathered at the Seton Hall Preparatory School’s (SHP) Kelly Athletic Complex on Saturday as the high school officially dedicated the Brendan Patrick Tevlin ’13 Memorial Field and Billy Zimmermann ’11 Scoreboard.

The ceremony marked a ...

Union County Clerk Extends Office Hours, June 3rd for Last-Minute Mail-In Primary Election Voters

May 23, 2017

Union County Clerk Joanne Rajoppi will open her offices in Elizabeth and Westfield on Saturday, June 3rd from 9:00 a.m. to 1:00 p.m. for voters seeking last-minute mail-in ballots.  The offices at the Union County Courthouse, 2 Broad Street room 113 in Elizabeth, and the office at the Colleen Fraser Building, 300 North Avenue East in Westfield, will open as a public service for voters who ...

Simon vs. the Homo Sapiens Agenda by Becky Albertalli

Simon vs. the Homo Sapiens Agenda by Becky Albertalli (Harper Collins, 2015)

Shauna Evans, a Special Education teacher at Schor Middle School in Piscataway, is guest writing Beth's Books this week. Evans, an avid reader, currently is working on her first novel in Young Adult fiction. A former columnist for the on-line magazine,“Examiner,” Evans covered the television show, ...

Merchant of Venice Makes Memorable Opener at Shakespeare Theatre

MADISON, NJ – “The Merchant of Venice” has plenty to say about prejudice, suspision, money and cruelty.

Yet it has redeeming features as well, with Portia’s “quality of mercy” speech and Shylock’s insistence that Jews are individuals with feelings, thoughts and emotions as much as any other man or woman.  

Director Robert Cuccioli has gathered ...