2011-08-31 / Front Page
TOBay bond rating goes down; Democrats say cause is poor management by the GOP
The Town of Oyster Bay’s bond rating took a hit recently from Standard and Poor’s (S&P) credit service company. The S&P report said the Town’s “financial deterioration” is the result of the use of general fund reserves to fund operation and the lack of a substantative plan to restore those funds.
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