Troy's bond rating gets a promotion

The City of Troy's bonds rating, which has been on a continual upswing after years of wandering in the wilderness, has been moved up to an A1 rating.

Moody’s Investor Service, which issues such designations, has decreed an A1 rating for the Troy’s new $8 million issue in Public Improvement (Serial) Bonds, which are subject to reimbursement. 

These bonds will allow for infrastructural improvements such as drainage repairs, new sidewalks, paving, and other projects throughout the City. 

Moody’s, a leading corporation in economic risk research and financial consulting, has recognized the City’s improving economy and financial stewardship. The analysis provided by Moody’s specifically highlighted its vibrant local economy and the additional sales tax flow, according to a City announcement.

“Receiving an A1 rating from Moody's is a significant achievement for our administration,” said Mayor Carmella Mantello. “It reflects strong financial management, economic stability, and commitment to fiscal responsibility. This rating not only enhances our ability to secure favorable financing for future projects but also underscores the confidence in our city's growth and prosperity."

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Have you checked your meter today?

If for some reason you were away from home for much of today, you may not know that a National Grid subcontractor paid you a visit.

The occasion was to swap out your old electric meter with a new "smart meter," as mentioned in mailings from National Grid earlier this summer.

The power company says, "These smart meters incorporate proven, sophisticated technology which will improve service and reliability, while also giving you more control over your energy usage; faster, near real-time energy readings, and an overall faster response. Smart meters are part of our ongoing commitment to empower our customers while working to build a more reliable, robust, and climate-friendly energy grid for the future."

You can get all the details online in such categories as:

• More control over usage
• Faster, near real-time energy readings
• Faster reporting of power failures

P.S. I spoke with the technician from UPA (Utility Partners of America), who told me his company was subcontracted by National Grid to replace about 3 million meters. "Luckily, it only takes a few minutes per meter or we'd still be doing it 20 years from now," he said.

P.P.S. You may experience a brief interruption of electrical service when the meters are swapped, so be sure to check your digital devices (clocks, electronic clocks on stoves, microwaves, etc.) to be sure they're properly set.

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Fundraiser event on Saturday

 

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Car show to honor our veterans

 

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Looking for a free Wednesday night out?

 

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Welcome to The Terrace Times 2.0

If you're reading this post, it's because you received an email inviting you here.

This is a new version of The Terrace Times, necessitated by technical changes at Blogger.com, the company that is our host and stores our content. 

The original website still is available for your reading pleasure, but we reached our storage capacity and, thus, had to create a second site. The new address was necessary to preserve the original site as an archive of sorts that you can visit as needed.

With this new version, we're starting from scratch as far as data storage is concerned, so there should be no interruptions of service. Just remember to bookmark this new URL or make a note of it for future use when accessing The Terrace Times.

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City schedules rabies clinic for dogs and cats

 

If you are interested in participating in the city's Rabies Clinic on Saturday, July 27, at the Department of Public Works Central Garage at 40 Orr Street in Troy, you'll need to register in advance.

You can do that online by clicking here. Or, you can scan the QR code on the flyer shown above. There is no fee for participating.

The clinic is scheduled to run from 8 a.m. to noon. Pets must be in carriers or crates.

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Outside work reminders

A reminder: Next week we are scheduled to have grounds services provided by both Vinmar Solutions and Skyview Landscapes, as shared in earlier emails to all Terrace residents.

• On Wednesday, July 24, Vinmar plans to apply grub control fertilizer, weed control, and post-emergent crabgrass and nutsedge.

• On Thursday, July 25, Skyview will do the summer trimming work on bushes, shrubs, and small trees. (Although, some work was being done today.)

Please exercise caution when jogging, walking your dogs, etc. And, it would be appreciated if everyone makes sure that summer furniture, grills, etc., are positioned so as not to interfere with the work. Thank you!

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