Posted on March 5th, 2013 No comments
Posted on February 8th, 2012 No comments
The Town of La Grange has just finished participating in a series of inquiries from Moody’s Investor’s Services relative to the financial status of the Town. These inquiries came as a result of bond consolidation underway which will save a great deal of taxpayer dollars. The bond rating of Aa2 comes as a result of the town’s sound financial position with adequate reserves,sizable tax base with above average wealth demographics and manageable debt burden with rapid payout.
Supervisor Wagner has routinely instituted strict spending policies, strict internal control policies over cash handling and an overall very conservative approach to finances. The result is reflected in the bond rating.
Bond rates well below 2% are being realized because of our financial practices. Those rates will enable La Grange to procure what is necessary to facilitate Highway work, Protect and secure infrastructure and do so at the cheapest possible rate for our taxpayers.