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Lee shared, “During 2019, $843,517.00 of the fund balance was used due to investing over $1 million into equipment needs. (In) 2020, the pandemic hit. Due to the leadership of the excellent department heads, over $2 million of expenses were delayed due to the unforeseen consequences of the pandemic, which meant that those delayed expenditures needed to be realized in the future.…
Standard & Poor’s Keeps Bond Rating For City Hall At Historical A-A- Level ONEONTA – Standard & Poor’s has affirmed the City of Oneonta’s long-term rating of “AA-” on outstanding debt. Its report, dated April 9, states that the City of Oneonta, with its strong management and good financial policies and practices, has been able to earn this rating despite Oneonta’s weak economy.…