Site Map Icon
RSS Feed icon
 
 
 
March 29, 2024
<< March 2024 >>
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31
UnionActive Newswire
 
Join the Newswire!
Updated: Mar. 29 (06:04)

Teamsters Win Against Yellow Corp.
Teamsters Local 776
Tonight's Membership Meeting
CWA Local 2222
UPSEU Hosts Steward Training
UPSEU
AMFA-WJA Negotiations Update #10
AMFA
Swire Coca-Cola Meeting and Strike Authorization
Teamsters Local 162
Construction Short Term Enrollment!!
International Brotherhood of Electrical Workers Local Union 57
 
     
Town's Bond Rating Improves on Police Google Settlement
Posted On: Mar 86, 2013

http://valleybreeze.uberflip.com/i/117836/2

Town's bond rating improves

Lombardi: Rating jump could help save interest dollars

NORTH PROVIDENCE - The latest bond rating upgrade for this town is a big one, says Mayor Charles Lombardi, and will hopefully open the door to more savings for local taxpayers.

Standard & Poor's Ratings Services officially announced Monday that North Providence's longer-term rating on its general obligation bonds was raised two notches, from "BBB-" to "BBB+" reflecting the town's improved financial position and last year's $60 million windfall from a settlement with Google. The town's outlook remains stable.

While a bond rating upgrade would typically make borrowing new money more affordable with lower interest rates, said Lombardi, he's not looking to borrow any more money right now.

"It's always great to have your bond rating increase to show that you're in sound fiscal shape, but where this will help us, hopefully, is the notes that we have outstanding, we'll be able to re-issue those bonds for the same amount of money and save considerably on the interest," said Lombardi.


Read the entire story in our E-paper edition
or join Breeze Premium to read and comment on the top stories in all five Breeze papers online.


Member Login
Username:

Password:


Not registered yet?
Click Here to sign-up

Forgot Your Login?
Action Center

National FOP Website

nppolice.com

RI State FOP Lodge

officer.com

PoliceOne.com

National Law Enforcement Memorial

Valley Breeze Newspaper

PoliceLink
 
 
FOP Local 13
Copyright © 2024, All Rights Reserved.
Powered By UnionActive™

50473 hits since Jan 10, 2012
Visit Unions-America.com!

Top of Page image