Bond Ratings
What does this measure?
This indicator measures the creditworthiness of municipal debt for several counties in the Hudson Valley region. It shows the bond ratings assigned by Moody's for a period of several years, from 2007 to 2014, and includes a rating for 2024. A bond rating is an assessment of a county's ability to repay its financial obligations.
Summary Statement
The data shows that effective tax rates have generally increased across nearly all Orange County municipalities between 2006 and 2025, with the most significant escalation in the towns of Chester, Cornwall, and Montgomery. A few areas, including Blooming Grove and Monroe, show more moderate changes, suggesting relative stability in local tax pressures. The overall trend points to a steady rise in property tax burdens over the past two decades.
Sources
Orange County Department of Finance
http://www.co.dutchess.ny.us/CountyGov/Departments/CountyExecutive/17939.htm
http://nyack.patch.com/articles/moodys-downgrades-rockland-county-bonds-lawmaker-seeks-state-audit
http://gcherald.com/news_archive/county-bond-rating-raised-to-a-by-standard-poors.print.shtml
http://www.co.ulster.ny.us/pressreleases/2010/news%20release%20S&P%20Bond%20Rating%2010.26.10.pdf
http://www.lohud.com/article/20110727/NEWS02/107270322/Moody-s-warns-Westchester-Aaa-bond-rating-risk
Orange County Department of Finance
http://www.co.dutchess.ny.us/CountyGov/Departments/CountyExecutive/17939.htm
https://www.moodys.com/credit-ratings/Putnam-County-of-NY-credit-rating-600026890
https://www.moodys.com/Pages/rr003_0.aspx?bd=4294966708&ed=4294966623&rd=4294966708+4294966117&tb=0&po=0&sb=&sd=&lang=en&cy=global&searchfrom=SearchWithin&kw=rockland%20county,%20ny
https://www.moodys.com/credit-ratings/Sullivan-County-of-NY-credit-rating-600025723
https://www.moodys.com/credit-ratings/Ulster-County-of-NY-credit-rating-600025733
http://finance.westchestergov.com/
https://www.moodys.com/credit-ratings/Westchester-County-of-NY-credit-rating-600006207