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Moody's: Sandy damage compounds Rockland's fiscal woes

Originally published: December 11, 2012 5:07 PM
Updated: December 11, 2012 5:18 PM
By NIK BONOPARTIS  nik.bonopartis@cablevision.com

A view of damaged boats at Parelli Park

Photo credit: Elizabeth Daza | A view of damaged boats at Parelli Park in Piermont, a town hit especially hard by flooding and downed trees during superstorm Sandy. U.S. Sen. Charles E. Schumer (D-N.Y.) spent Monday afternoon surveying the damage and speaking with residents and small-business owners about how they planned to recover with the help of the Federal Emergency Management Agency. (Nov. 12, 2012)

The good news: Rockland County avoided another bond rating downgrade by Moody's Investors Service.

The bad news: Rockland remains the lowest-rated county in the state, it's growing increasingly reliant on borrowing cash to keep afloat, and damage inflicted by Hurricane Sandy is compounding the county's financial troubles.

Those were the highlights and low points of the latest report...

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