Savings at Manor Thanks to Positive Fiscal Management

Earlier this spring, Rensselaer County received an upgrade on the county’s already strong bond rating to an AA level. The upgrade is great news, as it comes during a long national recession and period of stress on many municipalities in the region.

The upgrade reflects on the positive financial management by County Executive Jimino and her team, and responsible decisions by legislators and department heads. A strong bond rating is a great way to attract new jobs and investment to the county, and puts the county in a position to continue recent economic development success. A strong bond rating also allows the county to borrow money for important projects at a favorable rate.

At the May 13 legislative meeting, the Legislature took advantage of our strong fiscal position and refinanced existing debt on the county nursing home, the Van Rensselaer Manor. The newer Manor was opened about twenty years ago, and replaced the older Manor, located on adjacent property on Bloomingrove Drive in North Greenbush. Current market conditions make this a favorable time for a refinancing at a lower interest rate, and the county’s positive bond rating further reduces costs.

 The refinancing will help reduce costs and further help maintain the important senior care and services offered at the Manor. We look forward to other opportunities to generate a savings for the residents we serve.

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Savings at the Manor Possible Thanks to Solid Fiscal Management

Earlier this spring, Rensselaer County received an upgrade on the county’s already strong bond rating to an AA level. The upgrade is great news, as it comes during a long national recession and period of stress on many municipalities in the region.

The upgrade reflects on the positive financial management by County Executive Jimino and her team, and responsible decisions by legislators and department heads. A strong bond rating is a great way to attract new jobs and investment to the county, and puts the county in a position to continue recent economic development success. A strong bond rating also allows the county to borrow money for important projects at a favorable rate.

At the May 13 legislative meeting, the Legislature took advantage of our strong fiscal position and refinanced existing debt on the county nursing home, the Van Rensselaer Manor. The newer Manor was opened about twenty years ago, and replaced the older Manor, located on adjacent property on Bloomingrove Drive in North Greenbush. Current market conditions make this a favorable time for a refinancing at a lower interest rate, and the county’s positive bond rating further reduces costs.

The refinancing will help reduce costs and further help maintain the important senior care and services offered at the Manor. We look forward to other opportunities to generate a savings for the residents we serve.

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Successful Electronics Recycling Day

We are very happy to report the Electronics Recycling Day sponsored by the Rensselaer County Legislature and the Town of North Greenbush on May 10 was a success. Hundreds took the opportunity to safely recycle unwanted electronics items like computers, stereos, televisions, appliances and other items for no cost.

The items recycled filled up two tractor trailers and part of a third. There were lines during most of the morning and afternoon at the event, held at the Rensselaer Technology Park and residents expressed appreciation. Many asked when the next Electronics Recycling will be, and we are currently working on scheduling a new recycling event. Please stay turned for news on a new date.

Thank you to those who came out, and for the county Environmental Management Council organizing the recycling event, along wih ProTek Recycling. The Electronics Recycling Event was one of the most successful recycling events the County Legislature has been able to sponsor and we look forward to future recycling opportunities.

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Electronics Recycling Day

Having difficulty properly- and inexpensively – disposing of unwanted appliances, computers and electronics items?

The Rensselaer County Legislature and the Town of North Greenbush will be teaming up to sponsor an Electronics Recycling Day on Saturday, May 10 from 9:30 a.m. to 2 p.m. The event, which features ProTek Recycling Technology Solutions, will be held at the Rensselaer Technology Park on Jordan Road, just off Route 4, in North Greenbush.

A wide variety of items – computers, video game consoles, VCR, DVD and CD players, typewriters, televisions, appliances both large and small, cell phones, personal care items like hair dryers, printers, copiers, fax machines, and other items can be disposed of for free by county residents.

Past Electronics Recycling Days have been successful, and we expect a good turnout for this event. If you have questions about the event, please call the county Environmental Management Council at 270-2888.

 
 

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Earning an Upgrade

Rensselaer County received some positive financial news toward the end of April with the announcement the county’s bond rating was being upgraded from an already strong position.

The upgrade to an AA bond rating follows a review of county finances and obligations by the respected fiscal analysts Standard and Poor’s.

County Executive Kathleen Jimino noted the work done by her administration in holding down costs while state and federal mandates remain at record-high levels. As Chair of the Legislature, I am proud of the work done by county lawmakers in helping maintain a solid fiscal base during a prolonged and difficult economic recession.

Rensselaer County is also one of a handful of municipalities to stay under the state tax cap since the tax cap was implemented three years ago. The upgrade in the bond rating will help the county attract new investment and job growth, along with demonstrating the effectiveness of the county’s financial management.

The county has seen success with the expansion of Regeneron in East Greenbush, creating 300 new jobs, and the planned revitalization of the former Fort Orange Paper Company in Castleton. The upgrade and attention to fiscal responsibility puts the county in position for future success.   

 

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Partners in Service

Rensselaer County is a great place to live and work, with natural beauty, vibrant neighborhoods and great quality of life. At tonight’s public forum, we heard from organizations that help in the mission of serving our residents, and safeguarding the qualities that make our county a special place.

Farming is an important part of our county’s heritage. To help ensure farming has a strong future, the county partnered with the Agricultural Stewardship Association. The ASA helps secure funding to protect farmland and open space, and the partnership came about at the urging of Majority Leader Ken Herrington. Approximately 3500 acres of farmland and open space have been protected thanks to this effort, and the ASA updated legislators on their work.

Legislators were also updated about the work by the county Soil and Water Management District by Soil and Water representative Nick Halford. Soil and Water encourages productive use of farm properties, controls erosion and protects public water resources, including the Tomhannock Reservoir, the main source of drinking water in the county.

Cornell Cooperative Extension of Rensselaer County has also aided farmers with programs like 4-H, and also provides nutritional programs and education. Bernadine Wiesen updated legislators on work by Cooperative Extension on Wednesday, and issues facing Extension. Cooperative Extension Director David Hawley recently announced his retirement from Cooperative Extension after serving over the course of three decades.

Legislators also heard from several law enforcement officials who have spent considerable time helping lay the groundwork for a upgraded county emergency radio system. And lawmakers also heard from Richard Haldeman, who leads the county’s Ombudsman program, which helps ensure care and safety for our seniors.

Thanks to our partners in service who took the time to meet with legislators and the public on Wednesday.

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A Constant Reminder

The events of the past several days remind us of the dangers faced regularly by our emergency services personnel.

In Boston, two firefighters died while responding to a fire at an apartment building. Lt. Edward Walsh and firefighter Michael Kennedy rushed into the burning apartment building believing there were people trapped, and were sadly overcome by fast-moving flames.

Yesterday, a police officer in Johnson City, New York, in the Binghamton area, was killed during a struggle with a man acting in a deranged and violent manner. Officer David Smith was a veteran police officer was attacked as he responded and shot with his own gun following a struggle.

Reports note that Walsh and Kennedy were well-liked and respected in the Boston fire services, and active in the community. Smith was also a popular and respected officer in his department and area.

We join in mourning the passing of Lt. Walsh, firefighter Kennedy and Officer Smith. And we also pause to remember the service, and the daily dangers faced by our fire, police and emergency personnel.

 

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