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City of Utica's financial outlook upgraded

By WKTV News

(WKTV) - Standard and Poor's has upgraded the City of Utica's financial outlook from negative to stable, Mayor Robert Palmieri and City Comptroller Bill Morehouse announced.

In the report, Standard and Poor's said Utica's budgetary flexibility is strong and has improved in the past two fiscal years. The report also said the city has reached structural balance in the past two fiscal years.

"The announcement is a testament to the great work our team has done over the past two and a half years," Palmieri said.

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