JACKSON – Jackson’s credit rating has been raised to the second-highest possible, officials said.
Moody’s Investors Services upgraded the township from Aa2 to Aa1, which reflects the agency’s opinion that Jackson Township is fiscally responsible.
“My administration has worked hard to stabilize spending and secure a sound budget, while faced with financial challenges. Combined with our current Standard and Poor’s rating of AA+, the township has received the second highest rating a debt issuer can receive. This is fantastic news and I thank everyone for their hard work in securing this rating,” Mayor Michael Reina said.
The rating indicates the township has a strong financial reserve and low debt. The township is considered a low credit risk, which enables it to secure better rates when needed, a savings passed on to taxpayers.