ULSTER COUNTY COMPTROLLER RELEASES COMPREHENSIVE REVIEW OF COUNTY DEBT
Report Finds County Debt Fiscally Sound, Well Below Constitutional Limit, AA Bond Rating Maintained
Bond debt service for 2026 is projected at $15,315,181, covering principal and interest payments on long-term bonds. The County has not resorted to fiscal stress-driven borrowing instruments such as Tax Anticipation Notes (TANs) or Revenue Anticipation Notes (RANs) since 1998, a sign of strong and stable finances.
“Ulster County is borrowing responsibly. Our debt funds real, long-lived assets like roads, bridges, buildings and spreads those costs appropriately across the taxpayers who will benefit from them, said Comptroller March Gallagher. “With less than 8% of our borrowing capacity used and an AA rating intact, the County’s fiscal house is in good order. That said, we must remain vigilant about the pace of new borrowing, interest rate trends, and federal policy proposals that could significantly raise the cost of municipal financing.”
