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Reader Worries Ridgewood’s AAA Credit Rating Could be At Risk

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file photo by Boyd Loving

Based on previous building projects managed by the Village ($500K Golden commodes anyone? ) this garage project will be delayed repeatedly, suffer numerous expensive “change orders”, and likely cost $20+ million all in by the time its ready (40% of annual municipal budget).It will never pay for itself, guaranteed. Right as interest rates spike and the Village’s S&P AAA rating on our municipal debt is downgraded. Can you say large municipal debt and interest expense increases?

3 thoughts on “Reader Worries Ridgewood’s AAA Credit Rating Could be At Risk

  1. If this Council keep bonding everything the bond rating will go down bit they don’t care.


  2. AAA credit
    We don’t need no AAA credit.
    I dont have to show you any stinking AAA credit!!

    – Goldhache

  3. Triple AAA… That has to do with my car insurance right.

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