Just when you thought all was doom and gloom, there is a bit of good news for the Capital District.
The municipal bond rating for Albany, NY is now the highest for all cities in New York State. The bond rating moved two step to "AA-" by Standard and Poor's.
According to Jeanine Rodgers Caruso, executive vice president of Fiscal Advisors & Marketing, Inc. in Clifton Park, NY, a municipal financial advisory firm, the rating is higher than any city in New York. Needless to say, Mayor Jerry Jennings is very happy with these results.
The next highest rating is Rochester with an "A" rating.
So, just when you thought all was doom and gloom, I hope this news provides you with a glimmer of hope.
If you have any questions about the Capital District real estate market, including Clifton Park, NY please feel free to call me anytime (518)281-3951.
Thank you.
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