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New Milford maintains rating from Standard & Poors

New Milford continues to have a AA+ rating from Standard & Poors.  Mayor Pete Bass and the Finance Director presented the town's finances to the Analysts recently.  New Milford's strong economy and projected per capita effective buying income, with strong financial policies and practices were cited by Standard & Poors for maintaining the rating.  New Milford was also credited for adequate budgetary performance, with balanced operating results in the general fund, strong budgetary flexibility and very strong liquidity, with total government available cash at 39.9% of total governmental fund expenditures.

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