Moody's Investors Service Credit Analysis of the Town of New Windsor

The Town of New Windsor, NY's (Aa3) credit profile benefits from its moderately-sized, growing tax base located in Orange County (Aa2 stable) with above average resident wealth and income. The town's financial position remains strong and management anticipates running an operating surplus for fiscal 2022. This helps to offset its elevated long-term liabilities, mainly driven by a high OPEB liability. The debt burden will remain manageable despite the expected increase over the next 3 years.