The financial state of East Greenbush remains unclear and uncertain. We are in our sixth year of a municipal bond rating in Junk Bond status; our financial records for at least three of the last five years are unable to be audited; we are facing decades of massively increased tax bills to pay the debt service on financing for the new Wastewater Treatment plant. The crisis in Town finances must be addressed with an aggressive, multi-faceted strategy that seeks to restore our credit rating, control the rising cost of government, access external sources of funding, and implement a strict system of internal controls. We must create sound long-term financial policies and keep the public informed.
Town Finances