Standard & Poor’s Ratings Services’ upgraded New York State’s general obligation bonds to ‘AA+’ with stable outlook from ‘AA’, the highest rating of New York since 1972. All three major credit rating agencies have upgraded New York in recent weeks and now each have the State one notch from their highest ratings. S&P’s upgrade is based on their “view of a strong state budget management framework from improved structural budget balance with a focus on spending restraint and on-time budgets.”
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The Paul & Miriam Mattern Fund awarded 2 grants this spring in a competitive process reviewed by local volunteers. $4,000 will go to the Village of Walton for operating support for the Summer Recreation Program, $1,000 goes to Music on the Delaware for a music enrichment workshop for elementary school students. The Fund continues to welcome proposals, from qualified non-profit 501c.3 organizations, that will support projects in the village and town of Walton, Matching grants are encouraged. Application guidelines can be found on the Community Foundation website at: http://donorswhocare.org/mattern/.
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The Danny Stewart’s Norwich Bluegrass Festival begins today in Norwich. The events run today through Sunday at the Chenango County Fairgrounds and will feature several bluegrass bands, both local and national. For more information call 570-721-2759 or go to norwichbluegrass.com.