December 4th, 2018
The Village’s financial present and future remain healthy.
Mount Kisco, NY – Citing strong budget management, ample reserves, and liquidity, Moody’s Investors Service reaffirmed the Village of Mount Kisco’s Aa2 Credit Rating last week in a report.
"Mount Kisco welcomes Moody’s report, which confirms that the work of the Village continues to be fiscally sound and responsible,” said Mount Kisco Mayor Gina D. Picinich. “I want to thank the Village’s financial team, as well as our Finance Committee, for all of the hard work that goes into the many important decisions that affect our community.”
The report acknowledges the Village’s position as the commercial and service center for the surrounding towns of Bedford and New Castle, and also recognizes that Mount Kisco has the highest job density in Westchester County. Moody’s notes that the Village’s financial management is strong, as evidenced by consistently sound reserves and a formal policy to maintain reserves above 25%.
"We are committed to being excellent stewards of the public’s resources,” said Edward Brancati, Mount Kisco’s Village Manager. “We continue to address the many infrastructure needs throughout the Village, with projects such as the water main repair, road resurfacing, and enhancement to the fire stations, and we do so with significant analysis and a conservative financial approach.”
The report can be accessed here.