Moody's downgrades Monroe County

Moody's downgrades Monroe County

Posted in the Rochester Forum

Bart

Atlanta, GA

#1 Aug 14, 2013
http://www.nbcnews.com/id/52749299

Moody's Investment Services downgraded Monroe County's bond rating from A3 to BAA1 and revised the county financial outlook from stable to negative. Moody's says this rating is tied to the Monroe County's $454.6-million in outstanding, long-term debt. It says the negative outlook reflects the belief that the county's finances could get worse. Moody's says this is due in part to a few things. It says Monroe County is spending more than it's bringing in.
Marge

Pittsford, NY

#2 Aug 14, 2013
Cut entitlement programs, surplus county employees and tax breaks for new businesses that promise jobs, and don't deliver.

Maggie Crooks is a disaster.

What is her husband earning at the Monroe County Water Authority? Over $100,000? Well over.
Charles

Rochester, NY

#3 Aug 14, 2013
I bet when pensions stop and employees are not paid a few folks will care.
Pete

Kenmore, WA

#4 Aug 14, 2013
Rochester (City of) was upgraded today. Good news for Mayor Richards campaign. Maggie should figure out what they're doing right.
Kwame Najo Tetteh

Astoria, NY

#5 Aug 14, 2013
Nobody cares what the hell "Moody's" has to say. "Moody's" is/are an/a bunch of idiot(s).
Tamicka

Buffalo, NY

#6 Aug 16, 2013
Kwame Najo Tetteh wrote:
Nobody cares what the hell "Moody's" has to say. "Moody's" is/are an/a bunch of idiot(s).
Not true. Moody's can cost a gov't more in interest rates with a bad rating. That ends up costing us more as taxpayers.
Bart

Atlanta, GA

#7 Aug 16, 2013
It will not effect those that do not pay taxes and get public assistance. That may be the reason there is a problem in the first place.

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