East Ramapo surplus sparks Comptroller audit; Moody's boosts credit outlook, not rating

By Yahoo! Finance   |   2 months ago
East Ramapo surplus sparks Comptroller audit; Moody's boosts credit outlook, not rating

After discovering a $30 million surplus in East Ramapo's budget, Moody's Investor Service removed the district's "negative" outlook. However, the district still faces challenges due to historical financial mismanagement, with a near-junk bond rating and potential downgrade looming.

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