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Apple Festival October 21st

FD Unity Collection Underway

"Thank you to FD Unity and all the other local organizations involved in their efforts to help the victims of Hurricane Maria." - Town Supervisor Angie Carpenter

Moody’s Twice Reaffirms Islip Town’s Aaa Financial Rating

Islip Town Supervisor Angie Carpenter is pleased to announce that today, Moody’s Analytics, Inc. has reaffirmed the Town’s financial Aaa status with a stable outlook for the second consecutive time. The Town’s rating was first upgraded in March 2016 to Aaa, and was reaffirmed Aaa in September 2016.

Today, the agency announced it had reaffirmed the Town’s Aaa bond rating for yet a second consecutive time.

The rating agency announced in its Aaa reassignment today, “Moody’s Investors Service has assigned a Aaa to Islip’s $24.7 million Various Purpose Serial Bonds 2017. Moody’s maintains a Aaa on the Town’s $160 million of outstanding debt. The rating reflects Islip’s strong credit profile, including a sound financial position, a large tax base poised for future growth, above-average wealth indicators, and manageable debt.” The investor service also noted in its reassignment, “Islip’s sound financial position will continue, given management’s commitment to maintaining financial flexibility. Islip generated operating surpluses in the General Fund for the past four fiscal years, including a $1.2 million surplus in fiscal 2016.”

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Employee Health Fair

Great South Bay Seafest 2017

Multimedia

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  • Town of Islip eNews Video