This week in Jersey City, we continue to champion the idea that if we manage our city efficiently and effectively, government can work, and as we have seen, it can work well. We have succeeded in keeping municipal taxes flat for the past three years and have received our third consecutive credit upgrade, all while hiring over 200 police officers, putting $6 million dollars into our city park system, and investing in affordable housing citywide. Jersey City is proof that we can maintain both a forward-looking approach to fiscal planning and a strong commitment to providing important services for our residents.
Earlier this week, Jersey City received the third credit rating upgrade in the past three years. Moody's has increased the credit rating of the city's General Obligation debt from A1 to Aa3, citing our rapidly growing tax base and the improved management of our administration. I am incredibly proud of the work we have done to push a proactive approach to improving the city's finances, as well as our implementation of crucial pro-growth policies. With this credit upgrade, we see further validation that we are moving in the right direction, and we are committed to continuing to build on our financial successes.
You can read more about the credit upgrade here.
Berry Lane Park Additions
This week, I am proud to announce the formal opening and dedication of Berry Lane Park's new baseball field. We are excited about the additions to our city's largest park, and owe our thanks for this new field to the Baseball Tomorrow Fund, which will support the Department of Recreation's efforts to enroll another 900 children in baseball programs citywide.
We have made parks and open space a priority during the past few years, and are excited about expanding opportunities for our residents to enjoy them. When we opened Berry Lane Park in June, we made sure that this $40 million dollar project included something for everyone. With basketball courts, playgrounds, a dog run, and now a new baseball field, we know that residents throughout the city will come together to enjoy this incredible space.