Ossining receives ‘positive’ bond outlook from Moody’s

Moody’s Investors Service raised its outlook for the town of Ossining to “positive” while maintaining the town’s Aa3 bond rating following a recent review of the town’s finances.

In its report, released Sept. 14, Moody’s said the higher outlook “reflects a clear trend of stabilized finances and improving reserves,” and attributed the Aa3 rating to “a strong tax base in a healthy regional economy, an improved financial position and a minimal debt burden.”

Town of Ossining Supervisor Susanne Donnelly applauded the report, saying the positive outlook and high bond ratings will allow the town to finance infrastructure improvements at lower cost to taxpayers. “The town will see reduced interest costs and additional savings in our budgets starting next year,” Donnelly said in a prepared statement.