Fourth Consecutive Credit Upgrade Since Mayor Fulop Took Office
Fitch report cites Jersey City’s “improved financial profile” under the Fulop administration, a growing tax base and rebuilding of reserves to strong levels
The Fitch Group announced today a major, three-level increase of Jersey City’s credit rating for General Obligation (GO) debt from A- to AA-, marking the fourth consecutive credit rating increase under the Fulop administration.
The upgrade follows the announcement two weeks ago with the budget introduction that municipal taxes would remain stable with no tax increase for a fourth consecutive year. Continue reading Fitch Upgrades Jersey City’s Credit Rating with Three Step Boost