Dear John,
I am proud to share some good news: Hoboken has once again earned an AA+ credit rating from S&P Global Ratings for its fiscally responsible approach to city budgeting, and smart infrastructure and climate resiliency investments.
S&P specifically praised Hoboken’s:
- Conservative budgeting practices
- Commitment to mitigating the cost and potential catastrophic impact of climate change
- Continued economic growth and investment in city-wide infrastructure improvements
Notably, our continued high credit rating will protect taxpayers by significantly lowering our city’s borrowing costs. As I’ve always conveyed, when we plan ahead and invest wisely in our infrastructure and resiliency, we build a stronger Hoboken for everyone.
Sincerely,
Ravi Bhalla
Mayor of Hoboken
Candidate for State Assembly LD-32
P.S. I would welcome your support as I work to bring Hoboken’s many successes to Trenton. I have an important public fundraising deadline on Monday, March 31. You can join and support my campaign for State Assembly by donating here.