ALBANY — A top credit-rating agency likes what it sees out of Albany these days.
Moody’s Investor Services said yesterday the newly minted $132.6 billion state budget helps “high needs” school districts — including New York City — by steering much of an $805 million school aid increase to them.
The city is in line for $292.1 million more, a 3.8 percent increase.
Late last month, Moody’s praised a budget provision that cuts pension benefits for new public employees.
Still, the agency doesn’t foresee upgrading the state’s Aa2 credit rating for at least a year.
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