Utica's outlook for 2013
Posted in the Utica Forum
#1 Feb 4, 2013
The comptroller did a fiscal profile of Utica for 2013
"Utica has been in fiscal decline in recent years, relying on non-recurring revenues to fill budget gaps. Utica has drawn down its fund balance and its Water Trust Fund consistently over the past four years. In fiscal year 2011-12, the City came close to depleting both funds to cover budget shortfalls.
Moody’s Investors Service and Fitch Ratings recently downgraded the City’s long-term rating based on the City’s deteriorating fiscal condition, including ongoing structural budget imbalance, use of fund balance and liquidity issues."
Read the whole thing at
Since: Jan 09
#2 Feb 4, 2013
the future doesnt look bright cause too many people spend wasted time on topics
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