The Village of New Hyde Park received a credit rating of AA+ by Standard & Poor Rating Services for the second year in a row, Mayor Robert Lofaro said Tuesday.
AA+, which is just short of a perfect rating, is due in part to the village’s unappropriated fund balance, Lofaro said.
“They want to know we have that cushion,” he said.
During Hurricane Sandy the village used these funds for the village but was later reimbursed by FEMA, Lofaro said.
In other news:
The Village of New Hyde Park accepted a bid of $80,910 from Roadwork Ahead as part of a two-year contract to perform maintenance in the village.
Roadwork Ahead, which was the village’s previous contractor as well, did much of the village’s repair work during hurricane Sandy, Lofaro said.
Trustee Donald Barbieri said he met with the Federal Aviation Administration regarding low-flying helicopters over the village and hopes to establish a plan moving forward to reduce noise.
