Local government – New York – Credit profiles will remain stable overall, though vary by municipality type, region

Source: Robert Weber, Thomas Jacobs, Moody’s, Sector In-Depth, Local government – New York, June 28, 2019
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Credit profiles among New York local governments will remain stable over the next two years, though their strength will vary by type of municipality. Cities will remain more stressed than villages and towns because of their below-average socioeconomic profiles and small tax bases relative to liabilities. Towns and villages will enjoy greater stability because of stronger wealth and income profiles and financial reserves…..