Suozzi and Legislative Democrats Hold Majority in Nassau County
Moody’s Upgrades County’s Bond Rating to Highest Level in 15 Years
Mineola, NY – Nassau County Executive Thomas R. Suozzi, joined by all 10 Democrats in the Nassau County Legislature, today announced that the Democrats have held their majority in the legislature.
Suozzi also announced that on the heels of the Legislature’s approval of Suozzi’s fifth no-property-tax-increase budget last week, Moody’s Investors Service has increased the county’s bond rating from A3 to A2. This marks the county’s 12th bond upgrade since Suozzi took office in 2002.
“We have once again – for the 12th time since the start of my administration – received independent confirmation of the continuing financial turnaround of Nassau County,” Suozzi said. “This news just confirms I’ve always said: Don’t take our word for it, look at what the independent credit rating agencies are saying. And now that the voters have kept the Democratic majority in the Legislature, we can continue to make this county financially strong.”
Including this most recent upgrade from Moody’s, Nassau County under the Suozzi administration has received 12 upgrades from all three credit rating agencies since 2002. (The other two rating agencies two are Standard and Poor’s and Fitch Ratings.)
“I made a commitment to the taxpayers of Nassau County,” Suozzi said. “It would be irresponsible to issue five no-property-tax-increase budgets without consideration for the long-term financial health of the County. My administration works very hard every day to find new ways to save money, provide services more efficiently and improve programs – instead of simply assuming the county’s taxpayers will shoulder the burden.”
