An area city’s credit rating has been bumped up.
According to Sedalia Mayor Stephen Galliher, S&P Global Ratings has raised its credit rating for the
city of Sedalia from A+ Stable to AA- Stable, citing its view “that management has demonstrated
its competency through a history of balanced budgets, and has formalized a significant number of
financial policies and practices that ensure the longevity of the practices.”
Galliher says the upgrade is due to the financial discipline of the city’s staff and council in making
tough decisions to be good stewards of the taxpayers’ dollars. He says they really take this part of their job seriously to provide the highest level of service possible, yet balance it with maintaining a healthy rainy-day fund.
City Administrator Kelvin Shaw said the importance of this is that it allows the city to spread the taxpayers’ dollars further, so that it can provide more services with the same dollars.