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Moody's & Standard & Poor's just gave Greenburgh their AAA rating --the highest possible to reduce borrowing costs. the Town Board and I are committed to reducing flooding problems around town
Flood Mitigation Ongoing Efforts and Renewed Investment in Greenburgh
MOODY'S AND STAND & POOR'S GAVE GREENBURGH THEIR HIGHEST BOND RATING YESTERDAY --TRIPLE A! REDUCES BORROWING COSTS
Yesterday both Moody's and Standard & Poor's gave Greenburgh their highest bond rating --AAA (S & P); Aaa (Moody's). Moody's credited the town's "strong operaetions given prudent management and continued growth in the local economy." S & P highlighted our "Strong budgetary performance" and development activities. This coming week bonds will be sold and the town will implement the capital budget expenditures that were approved earlier this year. The highest bond rating a municipality can earn will save taxpayers significant dollars since our borrowing costs will be lower than most communities that don't have the AAA rating.
The Town Board voted to approve $2 million in bonds for flood mitigation. This is the second annual appropriation of funding for flood relief initiatives. Greenburgh and Westchester are located in areas that flood frequently. It will take millions of dollars to solve flooding town-wide. And, we can't solve all the problems at once. So we're committed to doing some work each year to the best of our abilities to alleviate the issues of ongoing flooding from increasing storms.
We also will be applying for funds from the county and state to address this quality of life issue.
In recent years this is what we have done and will continue to work on:
_Troublesome Brook – the Department of Public Works has straightened, widened and stabilized the sides and bottom of the river.
_Warren Ave. – they have removed obstructions to increase flow capacity for the waterway flowing under the bridge under Route 119.
Listen to our consultants report and recommendations to the Town Board from last Tuesday's work session regarding both Troublesome Brook and Warren Ave
_Saw Mill River – similarly, the DPW has been removing obstructions.
_Old Kensico Road – they have removed obstructions to increase flow capacity for the Bronx River.
Some areas like Poets Corner receive many complaints but are all only private property for which the DPW can’t do much. But in general through all the above efforts and more, the waterflow through our area has been much improved. During recent storms, the personal flood property damages reported to the Town have been significantly less.
Ongoing, the Town is cleaning and maintaining existing storm drains and the catch basin system to ensure they are working at their optimal level.
$50,000 was proposed in 2022 for maintenance of town-owned stormwater detention ponds that exist at Ardsley Chase and Old Sprain Road.
$50,000 was proposed in 2022 for installation of a rain garden system on Buena Vista Drive.
$2,000,000 was proposed in 2022 and $2,000,000 in 2023 for stormwater drainage improvements to mitigate flood-prone areas throughout the Town.
$300,000 was proposed in 2023 for the final engineering design of the Stone Avenue stormwater drainage system.
We will continue to work hard to try to minimize flooding around town. This is going to be an annual commitment.
PAUL FEINERGreenburgh Town Supervisor