Moody’s Investors Service has downgraded Orange County’s bond rating for the second time in six months.
Moody’s Investors Service Tuesday downgraded Orange County’s bond rating from Aa2 to Aa3 and assigned the county a negative financial outlook. This is the second time Moody’s has downgraded the county’s bond rating this year. In March, Moody’s lowered the county’s rating two notches. Republican Orange County Executive Steve Neuhaus, who took office in January, had expected the downgrade this week after a recent meeting with Moody’s officials.
Elected officials gathered in Orange County this morning to announce the start of reconstruction of a bridge damaged by Hurricane Irene in August 2011. They say the lengthy process of securing funding to get construction off the ground needs to be streamlined.
Three years after Hurricane Irene hit the Hudson Valley and destroyed the Forge Hill Bridge over Moodna Creek in New Windsor, elected officials stood in front of the site, announcing that bridge construction begins next week. Here’s Republican state Senator Bill Larkin.
The Republican candidate for New York state attorney general stopped in Orange County Thursday. He was in Newburgh to talk with local elected officials about what is needed to cut down on the city’s crime.