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Resident urges Bergen County to reassess surplus policy tied to AAA bond-rating guidance
Summary
During public comment a resident argued the county should reconsider holding elevated surpluses tied to bond-rating expectations and suggested alternative revenue measures; the board responded by citing Moody's guidance and potential savings from the county's AAA rating.
A resident raised concerns during the Bergen County Board of Commissioners public comment period about the county's approach to maintaining surpluses to preserve its AAA bond rating and urged the board to reassess that policy.
Mr. Farish, a resident of Emerson, told the board he was skeptical that rating agencies require the county to increase surpluses year-over-year and suggested the county examine how other counties’ ratings changed relative to their surpluses. "The storm has come. The storm has gone," he said, arguing that if…
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