Tonawanda News

NT

March 7, 2013

NT sizes down capital projects

(Continued)

Tonawanda News — Dotterweich said the city’s financial footing remains strong, maintaining an A-1 rating by Moody’s, that helped keep last year’s capital budget at a 2 percent interest rate. He expects that the loan approved this week would be paid off in 12 to 13 years. 

“We are in good shape just by the fact that Moody’s rated us the way they did,” he said. “They look at our debt, at our tax collection. They painted us in a pretty good light.” 

Contact reporter Michael Regan at 693-1000, ext. 4115.

Text Only
NT