NEWBURGH – For the third consecutive year, the State Comptroller’s Office has given the City of Newburgh a fiscal stress score of zero.
In a written statement, City Manager Todd Venning said Newburgh “has now received the state comptroller’s top score for municipal fiscal health the last three years, and at a time when fiscal stress in other cities continues to increase.”
He said the comptroller’s finding “confirms the recent analysis by Moody’s Investment Services that upgraded the City of Newburgh’s credit rating to A3 from Baa2 with its highest governance rating.”
The high grades for Newburgh from the state comptroller come on the heels of Moody’s improved credit rating.
