S&P Global has upgraded Lawrenceville’s credit rating to AA with a stable outlook. The upgrade is based on the city’s improved financial management practices, along with recent and future development projects which are expected to encourage economic expansion and increase the city’s utility customer base and property values.
City Manager Chuck Warbington explained, “The city is in a very strong financial position when it comes to transparency and preparedness. The Citizens Finance Review Committee together with our staff have done an excellent job organizing our finances so that the community at-large can understand where we are investing their funds and how those investments will return to their city. This major shift in internal best-practices along with a more strategic public engagement process laid the foundation for our upgraded rating.”
View S&P Global’s executive summary: www.lawrencevillega.org.
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