Bond Rating for Town of Eastchester Upgraded by Moody's
By Anthony S. Colavita, Supervisor, Town of Eastchester
Aug. 19, 2015: On July 10, Moody's Investors Services upgraded the Town of Eastchester bond rating from Aa1 to Aaa. The upgrade applies to the new bond issue and any outstanding debt the town has.
The upgrade is a reflection on the conservative nature of the town's management team philosophy. The town supervisor, town board, and town comptroller have kept a tight rein on the town's finances during these difficult economic times. The rating also factors in a low debt burden.
Town Supervisor Anthony Colavita stated, "We have been able to keep Eastchester affordable while preserving a high level of services, despite unfunded state mandates. We will continue to do our best to keep our town fiscally strong."
Over the past five years, management has shown a willingness and ability to bring the budget into structural balance despite rising health care and pension costs. This was accomplished through a combination of conservative budgeting of economically sensitive revenues, revenue enhancements, and expenditure reductions.
Pictured here: Eastchester Town Hall.
Photo by A. Warner
Government & History Directory
Bronxville is a quaint village (one square mile) located just 16 miles north of midtown Manhattan (roughly 30 minutes on the train) and has a population of approximately 6,500. It is known as a premier community with an excellent public school (K-12) and easy access to Manhattan. Bronxville offers many amenities including an attractive business district, a hospital (Lawrence Hospital), public paddle and tennis courts, fine dining at local restaurants, two private country clubs and a community library.
While the earliest settlers of Bronxville date back to the first half of the 18th century, the history of the modern suburb of Bronxville began in 1890 when William Van Duzer Lawrence purchased a farm and commissioned the architect, William A. Bates, to design a planned community of houses for well-known artists and professionals that became a thriving art colony. This community, now called Lawrence Park, is listed on the National register of Historic Places and many of the homes still have artists’ studios. A neighborhood association within Lawrence Park called “The Hilltop Association” keeps this heritage alive with art shows and other events for neighbors.
Bronxville offers many charming neighborhoods as well as a variety of living options for residents including single family homes, town houses, cooperatives and condominiums. One of the chief benefits of living in “the village” is that your children can attend the Bronxville School.
The Bronxville postal zone (10708, known as “Bronxville PO”) includes the village of Bronxville as well as the Chester Heights section of Eastchester, parts of Tuckahoe and the Lawrence Park West, Cedar Knolls, Armour Villa and Longvale sections of Yonkers. Many of these areas have their own distinct character. For instance, the Armour Villa section has many historic homes and even has its own newsletter called “The Villa Voice” which reports on neighborhood news.
Link to Village of Bronxville One Square Mile Monthly Newsletter
Village of Bronxville Administrative Offices
337-6500
Open 9:00am - 4pm excluding holidays and weekends
Bronxville Police Department
337-0500
Open 24 hours
Bronxville Parking Violations
337-2024
Open 9:00am - 4pm excluding holidays and weekends
Bronxville Fire Deparment
793-6400
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