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Troy earns A+ assessment from credit rating agency

TROY, N.Y. Troy’s credit is A+ and has a stable outlook according to S&P Global Ratings, a credit rating agency. The A+ is an increase from Troy’s last rating of A and the highest rating the city’s received. “(The) A+ assessment from S&P confirms that, despite persistent political opposition, our administration’s commitment to sound […]

Madden unveils 2024 proposed budget with 3 12 percent property tax increase

TROY, N.Y.   Mayor Patrick Madden recently unveiled his eighth budget proposal, which includes a 3.12 percent property tax increase and a water rate increase of $0.40/1000 gallons. Madden’s “Neighborhood Reinvestment 2024 Troy City Budget Proposal” is a $112,735,583 spending plan. For a homeowner with a property assessed at $150,000, the 3.12 percent tax increase, […]

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