Good Financial News for Quincy

Quincy’s bond rating gets an upgrade.

Mayor Kyle Moore announced this (FR) morning that Standard and Poor’s is upgrading the city’s rating from A+ to AA-.  Moore says financial policies adopted by the Quincy City Council led to the upgrade. Over the last two years.. Quincy has adopted a five year capital plan… a five year operating cash balance projection and a fund reserve policy. Refinancing of 2005 general obligation bonds is also saving the city 222-thousand dollars. Bernardi Securities Incorporated says the upgrade in the bond rating saves about 22-thousand dollars.

Mayor Moore also gave a six month update on the City of Quincy’s Health Clinic. Moore says the clinic for city employees has saved about 167-thousand dollars so far.