BERKELEY TOWNSHIP
The township’s credit rating remains at A+, according to Standard & Poor’s, a financial services company that rates public and private debt. Mayor Carmen F. Amato Jr. said Berkeley’s rating has risen from the A- mark the township had in 2011. The A+ rating means the township has a “strong capacity to meet its financial commitments,” according to Standard & Poor’s. Municipalities with higher credit ratings pay lower interest rates on debt.
Amato said S&P said township “will continue our conservative budget practices in an ongoing effort to improve our finances and find more ways to save taxpayers money.”