By LISA CAPOBIANCO STAFF WRITER Bristol is seeing a boost in its economic profile, as it recently received an “outstanding” ratings from Fitch Ratings as well as Standard and Poor. During last Wednesday’s Joint Board meeting, Board of Finance Clerk Glenn Klocko gave a brief report on the ratings, which he called “good news.” “We received an outstanding rating in nine categories out of 30,” said Klocko. “It’s something positive for the month of December.” Klocko said the three areas Standard and Poor reviewed included finances management, and social economics. “If there was a report card, we had two As and a B+,” said Klocko, adding how the ratings recognized ESPN has a strength of Bristol’s economy. Klocko said Standard and Poor reported Bristol has a “strong, local economy,” as its unemployment rate has dropped compared to a year ago. “We’re ahead of the national unemployment rate and we’re slightly behind the state level,” said Klocko. Standard and Poor also reported that Bristol has “strong budget flexibility,” which means the city has the ability to maintain and possibly enhance its services with a “very moderate mill increase rate if any,” said Klocko. Klocko noted how the report mentioned that Bristol […]
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