Excellent news for taxpayers in Newburgh as town’s credit standing goes up.

The ranking is being upgraded from B-A-A-2 to A-3.

This enables town to borrow cash at decrease rates of interest to repair its sewer and water techniques and take much less from taxpayers.

Mayor Torrance Harvey says it is welcome information as town pushes to fund $60 million in enhancements. “So once we’re speaking about infrastructure, it isn’t horny, it does not sound nice and thrilling, however most infrastructure upgrades are tremendous essential to public well being and public security.”

Newburgh’s present credit score strengths embody a wholesome basic fund stability and up to date tax base progress. Its credit score challenges are weak resident revenue ranges and long-term liabilities.