Town of Morristown
CUSIP *****
- Issue Currency: *****
- Announcement Date: 23-Jul-2018
- News: NOTICE IS HEREBY GIVEN that the Issuer did not file its FYE 2016 Operating Information as required by its continuing disclosure agreements. The above information was filed on December 19, 2017, one hundred seventy three (173) days after its due date of June 29, 2017. The District did not file its FYE 2014 Operating Information as required by its continuing disclosure agreements. The above information was filed on May 6, 2016, three hundred twelve (312) days after its due date of June 29, 2015. This Issuer did not file its 2017 Budget as required by its continuing disclosure agreements. The Budget was filed on December 29, 2017, one hundred seventy three (173) days after its due date of June 29, 2017. The Issuer did not file its 2014 Budget as required by its continuing disclosure agreements. The Budget was filed on December 11, 2014, one hundred sixty five (165) days after its due date of June 29, 2014. For its Series 2011 Bonds, the Issuer filed its 2014 Budget on May 10, 2017, one thousand forty six (1046) days after its due date of June 29, 2014.
- Issue Currency: United States of America Dollars
- Announcement Date: 17-Aug-2018
- News: S&P Global Ratings has raised its long-term rating to `AA+` from `AA` on Morristown, N.J.`s general obligation (GO) debt and the Morristown Parking Authority`s (MPA) guaranteed parking revenue bonds. The outlook is stable. ""The upgrade reflects demonstration of management`s comprehensive planning and budget monitoring, very strong budget flexibility, and strong budgetary performance,"" said S&P Global Ratings credit analyst Lauren Freire, ""while addressing challenges related to higher pension and postemployment costs."" The GO bonds and notes are secured by the town`s full-faith and GO credit pledge and ultimately payable from ad valorem taxes that Morristown can levy on all taxable real property within its borders without limit to rate or amount. MPA bonds are secured by underlying authority parking revenues pursuant to the bond resolution. Morristown, with an estimated population of 19,154, is in Morris County. It encompasses three square miles and serves as the county seat. The town is roughly 35 miles west of Newark and New York City.
- Issue Currency: United States of America Dollars
- Announcement Date: 17-Aug-2018
- News: -S&P Global Ratings has raised its long-term rating to `AA+` from `AA` on Morristown, N.J.`s general obligation (GO) debt and the Morristown Parking Authority`s (MPA) guaranteed parking revenue bonds. The outlook is stable. ""The upgrade reflects demon
