Create an Account - Increase your productivity, customize your experience, and engage in information you care about.
Moody's Investors Service has recently assigned a Aaa rating to the Town's general obligation municipal purpose loan of 2019 bonds and assigned a MIG 1 to the Town's general obligation bond anticipation notes.
Moody's also reaffirmed the Town's longstanding Aaa rating, which incorporates a well-managed financial position, a reasonable debt and pension burden, and aggressive funding of OPEB liabilities. This rating helps the Town obtain lower interest rates on its debt, which ultimately helps save taxpayer money. The MIG 1 rating reflects the strong long-term credit characteristics, sufficient takeout management, and ample liquidity.
Moody's also confirmed a stable outlook, which reflects its expectation that Weston will maintain a sound financial position bolstered by strong fiscal management. It also incorporates the Town’s progress in addressing its long-term liabilities while maintaining a conservative approach to budgeting and expenditure management.
To read Moody's full report, please follow the link below. More information on the Town's financial management policies and budget reports is also available by following this link.
It is currently budget season for fiscal year 2020. To follow this process, subscribe to receive agenda and minutes notifications from the Finance Committee, Board of Selectmen and the School Committee at www.weston.org/StayInformed. The annual budget hearing is scheduled for April 29th before the fiscal 2020 operating budget is presented to Annual Town Meeting on May 6th.