• Good News: S&P Bumps Up State Credit Outlook

  • AUGUST 28, 2012 | ECONOMIC DEVELOPMENT, GOVERNMENT REFORM, MANDATE RELIEF, NYS GOV'T, TAX REFORM

  • Citing Measures WCA Advocated for, Credit Rating Agency Gives 'Positive' Outlook

  • It's not often that we can share good news about state government and fiscal restraint, so when we can, it's certainly cause to celebrate. Standard & Poor's upped New York State's credit outlook from "stable" to "positive" after...



    The Capitol Building in Albany.
    showing fiscal restraint, especially pertaining to school aid and pension reforms. According to Amy Allen, managing director, for the Westchester County Association, the WCA's Call to Action Committee recommendations for structural reforms such as Tier VI pension reform and on-time budgets represent proper steps toward fiscal restraint.

    A higher credit outlook provides New York State the opportunity to borrow money at a lower rate, ultimately resulting in a lower tax rate for residents and business, alike.  Click to read more from LoHud's Politics on the Hudson blog.

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