Clarkstown, NY – Supervisor George Hoehmann announced this week that Standard & Poor’s has reaffirmed Clarkstown’s AA bond rating, one of the highest rankings for a municipality in the region. The financial outlook for the town was also designated as “Stable,” signaling continued fiscal health and prudent management.
The annual report from S&P highlighted several key factors behind the reaffirmed rating, including robust economic activity, effective governance, a strong track record of posting budget surpluses over the past four years, and improved financial reserves. These elements collectively reflect Clarkstown’s commitment to maintaining financial stability and fostering sustainable growth.
“This rating underscores the hard work of our team and the fiscal discipline we’ve adhered to,” Supervisor Hoehmann said. “It’s a testament to the sound decisions we’ve made to ensure Clarkstown remains on a strong financial footing.”
Residents and stakeholders can learn more about the town’s financial health by visiting the full report here.