"Dassing, Cascarano and Brown for Caldwell" Cite S&P Report Describing Borough of Caldwell As Very Strong
CALDWELL, NJ - Citing its “stable outlook” and an economic profile described as “very strong,” Standard and Poor last month affirmed the Borough of Caldwell’s ‘AA-’ rating.
“We are very excited about this report,”
The report cites several factors which contributed to Standard and Poor’s findings, including a current $330,000 fund surplus from the end of fiscal year 2013, which increased the total balance to $870,000. Importantly, the report also notes that the Borough government has no plans to raise the property tax rate, which accounts for approximately 58% of fund revenue. Still the Borough, as noted in the report, “maintains very strong liquidity, providing adequate cash to cover debt service and expenditures.”
John Cascarano and Kris Brown, candidates for Borough Council on Mayor Dassing’s ticket, also expressed satisfaction with the report.
“The good work that the Mayor has accomplished over the past four years
Brown echoed this sentiment.
“In these difficult economic times,
For her part, Mayor Dassing insists she is proud of her record as Mayor.
“The past few years, I’ve been able to keep spending down
Dassing, Cascarano and Brown for Caldwell
14 Hatfield Street, Caldwell
"Lower Taxes. Better Services. Continued Progress"