Kudos to Niagara County for a recent report that indicates that the county is on firm financial footing. On Tuesday night, the Legislature was presented with a report from Moody’s Investors Services, a firm that assesses the credit worthiness of public and private borrowers. Moody's upgraded the county's bond rating for the third time in less than two years.
The report also highlighted some other interesting observations, including Moody’s indicating that it expects the county’s tax base to remain stable in the coming years and possibly improve as a result of ongoing economic development initiatives.
Moody's also noted savings related to employee health care coverage, the influx of revenue and low-cost power from the New York Power Authority’s re-licensing agreement and countywide reductions in spending.
These are positive steps for Niagara County. Unfortunately, the local media tends to ignore the positive and focus on the negative. For a change, let's embrace some good news, not twist it to turn it into a negative, and accept the reality that Niagara County is not all that bad - despite what the naysayers preach. Congrats to the County.