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Hempstead Town’s Financial Outlook Upgraded by Wall Street Credit Rating Agency

Standard & Poors Recognizes Santino’s Fiscal Reforms

Hempstead Town has just been awarded an upgrade in its financial outlook from Wall Street credit rating agency Standard & Poors Ratings Services (S&P).  America’s largest township saw its outlook upgraded to “stable,” a rise from its “developing” outlook, in an October 12, 2016 credit profile.  The ratings outlook upgrade comes on the heels of Supervisor Anthony J. Santino’s presentation of a 2017 budget that slashes spending, shrinks the municipal workforce and cuts costs.

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