“I am thrilled with Moody’s vote of confidence in New York City’s economy. A higher bond rating means lower borrowing costs for the City, which means additional resources to help fund our city schools, parks and other critical services, as well as more money to help us weather whatever economic challenges may come our way. That said, maintaining the city’s fiscal strength is a full-time job, so while we celebrate today’s good news, we at the Comptroller’s Office remain doubly committed to continuing our progress through careful oversight of the city’s budget and economy.”
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