The rating on Wyckoff Township, N.J.'s bonds reflects: Above-average wealth and income levels, Strong finances, and Very low debt service burden. The township of Wyckoff is located in the northwestern part of affluent Bergen County. Its location, about 24 miles from New York City, along with its transportation access to a wider metropolitan economy, make the town attractive for residential single-family development. In 1999, the township's per capita effective buying income was 60% greater than the state's and about 100% greater than the nation's. In addition, the per capita market value of homes stood at $131,426, with residential properties accounting for about 90% of the town's market value. Town financial operations are strong and conservatively managed. The general fund balance
