Manzi: It was Zanni’s Call to Spend Reserves But Prior Council was Calling the Shots OTHER METHUEN STORIES In an Exclusive interview with the Valley Patriot, Methuen Mayor Steve Zanni discussed the downgrade of Methuen’s bond rating by Moody’s Investment Services. The report cited specifically: “The downgrade to A2 reflects the city’s negative financial position which […]
Councilor Kannan Says Methuen Needs Mayor who will Stabilize Methuen’s Finances (OTHER METHUEN STORIES) Moody’s Investors Services, one of the nation’s top bond-rating agencies, has downgraded Methuen’s bond rating, citing the city’s dependence on state aid, a lack of new revenues, and having too little cash in its reserves. The report cited specifically “The downgrade to A2 reflects the […]
