CHAPPAQUA, N.Y. – Since the Town of New Castle had no trouble filling two full-time town positions recently, officials were somewhat overwhelmed at the amount of interest garnered in such little time.
“Our recent posting in the Pennysaver for two full-time laborer positions brought in over 130 applications,” said Penny Paderewski. “I think that says a lot about our economy.”
Paderewski noted that the positions were filled by two young men, both who were previously unemployed.
In a board meeting two weeks ago, Paderewski said New Castle was able to maintain its AAA rating, as assigned by Moody’s Investor Service. She elaborated on the matter at Tuesday's Town Board meeting.
“I think it is important to point out that against all odds we were able to maintain Moody's highest rating,” she said.
“In Moody's 2009 report to the Town, when the Town last requested a rating to sell bonds, the report stated that it ‘expects that the Town will act quickly in order to maintain satisfactory reserve levels well within the current rating category to offset risks associated with economically volatile revenues and provide for the Town's cash flows needs’—we did this!” she said.
Paderewski added that the report started, "Future rating reviews will heavily factor management's ability to maintain satisfactory financial flexibility and liquidity in light of the Town's reliance on economically sensitive revenues," which she said the Town also addressed.
Paderewski also confirmed that New Castle, which plans to receive electric vehicle charging stations from New York State, will receive significantly fewer spots than originally anticipated.
“We received word from the New York Power Authority that they have revised their plans for the electric vehicle charger project by limiting each municipality that applied and that was accepted into the program to 3 charging units,” she said.
“They told us that they were hoping to release the electric vehicle charging Requests for Proposals shortly so there will be some time until these get installed.”
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