Thursday, November 1, 2007

Welcome To November

We are coming down the wire now, welcome to November. The topic of the night is finances.

As we have talked about time and time again for the past few months, the City of Troy is enjoying quite the revitalization right now. The question is why?

The answer is a number of reasons, some of which are below:

-- Since taking office in 2004, we have paid off $23,900,000 in debt
-- The New York State Comptroller now uses the City of Troy as an example of solid fiscal planning throughout the state
-- We are the second fastest growing City in the capital region according to the 2007 Business Review
-- $180 million in new projects with the City IDA
-- $2 million in paving done this year by not borrowing money, but paying as go

As we have said, Moody’s and Standard and Poor’s Investment Services recently increased the City of Troy’s Bond Rating, declaring that the City of Troy was in the best fiscal condition in the last twenty years.

We now have the attitude of thriving, not just surviving.

It's a simple message, but one that we cannot take for granted that people know. You will see us beating the drum on this one for the next few days.

Thanks for the continued support, talk to everyone tomorrow night.