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Bethlehem's finances get high marks

Standard and Poor’s upgrades town’s rating to AA+

Bethlehem Town Hall

Bethlehem Town Hall

— Clarkson said he knows some are still concerned that tax abatements were granted for the initial projects, but he did not believe Vista would ever have been constructed if they were not approved.

“What’s good about Vista as opposed to a new housing development is it brings revenues without services,” said Clarkson. “We’ve got to keep promoting the park, and I believe in the long term it’s a positive for the community and everything will work out.”

Other contributing factors for the upgrade was Albany County’s low unemployment rate, Bethlehem’s contributions to state and local pension benefits and the town’s budgetary flexibility.

“I find this rating upgrade to be very good news for our community,” said Clarkson.

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