Robbinsville Receives Another AA+ Rating From S&P

FOR IMMEDIATE RELEASE:

Standard & Poors
55 Water Street, 38th Floor
New York, N.Y. 10041
(212) 438-2000
 
Robbinsville Township Receives Another AA+ Rating From Standard & Poors

NEW YORK – (May 18, 2018) - For the fourth consecutive year, Standard & Poors has assigned its 'AA+' rating to Robbinsville Township's series 2018 general obligation (GO) bonds.

The outlook is stable.

Among other variables, the S&P rating reflects its opinion of the Township's:
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* Very strong economy
* Strong budgetary performance
* Very strong budgetary flexibility
* Very strong liquidity
* Very weak debt
* Strong institutional framework score
 
Standard & Poors considers Robbinsville's economy very strong. The Township, with an estimated population of 14,429, is in Mercer County It has a projected per capita effective buying income of 185% of the national level and per capita market value of $178,553. Overall, market value grew by 2.7% over the past year to $2.6 billion in 2017. The county unemployment rate was 4.2% as of November, 2017.

The Township is approximately one hour from both New York and Philadelphia, with major highways such as the New Jersey Turnpike and Interstate 195 crossing through. Its convenient location has made it attractive to many large companies to house warehouse operations. Robbinsville boasts a handful of Fortune 500 companies and approximately 12 million square feet in warehouse space.
 
Robbinsville Mayor Dave Fried presented a 2018 budget to Township Council earlier this year that included an unprecedented third consecutive municipal tax cut. If approved following a public hearing and vote, the budget would mark the fifth consecutive year of either flat or reduced taxes in the Township.
 
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© 2018 • Robbinsville Township, NJ • 2298 Route 33, Robbinsville, NJ 08691 • (609) 259-3600
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