NCVOA October 2016 General Membership Meeting
VILLAGE CREDIT RATINGS 101
Presented by Executives of the Moody’s Investor's Services
Moderated by David E. Tanner, Mayor and former NCVOA President
Thursday, October 13, 2016-6:30PM
(Please note the date change with respect to the Jewish Holiday of Yom Kippur)
Westbury Manor, Westbury, NY
If we all had to list five reasons for our Board’s success, while many reasons may vary from Village to Village, the one constant item on all of our lists would be sound fiscal management. Our guest presenters this evening will outline documented financial and debt management techniques that lead to better credit ratings, thus reducing borrowing costs.
A good credit rating is the most independent stamp of approval on your administration’s fiscal success. We cannot ignore public opinion that improved credit ratings are evidence of an administrations fiscal success.
The presentation will be followed-up with a round table open question and answer session. This is a very special event. Do not miss this unique opportunity to talk one on one with corporate leaders in this area of municipal finance.
Villages are strongly urged to invite their Treasurers or Chief Financial Officers to this very important seminar.
Dear Mayors, Trustees and Friends:
As the NCVOA plans for our Association’s fall and winter schedule, I would
like to take this opportunity to welcome everyone back from their summer
vacations. Over the past three months, Executive Director Warren Tackenberg and I have been laying the groundwork to help achieve an important goal of the NCVOA during the coming months – an increase in State Aid for all villages in the upcoming NY State budget. Towards this end, we have had preliminary
meetings and discussions with State and local officials. During the summer and
at the request of the Governor’s office, I had the pleasure of being introduced
and speaking to Governor Cuomo at an invitation only LIRR main line capital
project update meeting in Hauppauge on August 22nd. Additional meetings with
State and local officials are planned in order to build a consensus for additional
SEPTEMBER 15TH ANNUAL DINNER AND TESTIMONIAL
Our 91st annual dinner and testimonial honoring Immediate Past President
Barbara Donno was a great success. I would like to especially thank Nassau
County District Attorney Madeline Singas as the evenings keynote speaker and
for providing an overview of the increasing problem of illegal drugs which
affects all our communities. Special moments during the evening included Ms.
Marianela Casas – Governor Cuomo’s Nassau County Representative, presenting
Mayor Donno with an executive letter of congratulations from
the Governor and a standing ovation by the 230 NCVOA assembled members to
thank Barbara for a job well done. NCVOA Executive Director Emeritus Roger
Fay was also recognized by our Association and by Mayor Paul Ehrbar of
Williston Park for over 50 years of municipal service.
NEW YORK STATE – MTA CAPITAL EXPANSION PLAN
The MTA’s $27 billion capital expansion plan seems to be “on track” with
significant investment planned for Long Island. At a September 21st N.Y.
State Conference on Sustainable Development and Collaborative Governance
in Melville, MTA Chairman & CEO Thomas Prendergast announced additional
planned investments for the Hicksville train station of approximately $160
million and for Jamaica station totaling about $60 million. The draft
environmental impact statement for the third rail expansion of the LIRR
main line in Nassau County will be issued in the coming months.
OCTOBER 13TH GENERAL MEMBERSHIP MEETING
Our October 13th general membership meeting will feature speakers from
Moody’s Investors Services who will provide insights to the municipal
rating process. The presentation will be led and moderated by David Tanner –
Mayor of East Williston and NCVOA Past President. Having experienced ratings
reviews for the Village of Old Brookville over the past several years, I know
first hand the importance of being well prepared for this
evaluation and would suggest that your village treasurers attend this most
important presentation. My thanks to Mayor Tanner for arranging the
evenings speakers on Thursday, October 13th.
Looking ahead, November 10, 2016 (note the date change) will feature
NYCOM President Thomas Roach as our guest speaker who plans to discuss
NYCOM’s position on State aid to municipalities (AIM). Mr. Wade Beltramo,
NYCOM’s General Counsel will also be presenting a seminar on how
municipalities should best address zombie homes.
In conclusion, my best wishes to the members of our Jewish community
as they begin the observance of Rosh Hashanah.
Yours in good government,
Bernard D. Ryba
President - NCVOA
The Last Word:
“It is not important that you know all the answers-it is important that you know the questions to ask.” Anon