Live Breaking News & Updates on Treasurer Karen Fink

The 20-year bond is for the financing of various capital projects.
 
According to a press release, S & P Global Ratings, a municipal bond credit rating agency, attributed the town s AAA bond rating the highest attainable to the town s strong economy, management, financial policies and practices, strong liquidity, as well as its strong debt and contingent liability profile.
 
 
Because the town is able to maintain its AAA bond rating in a pandemic, we had seven financial institutions bid on our bond, Carmel said. It was very competitive, and the town is very pleased with the below 1% interest rate.
 
The bids for the bonds were accepted at the offices of the town s financial advisor, Hilltop Securities Inc. in Boston. ....

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