City disputes findings after Trussville’s credit rating drops

City disputes findings after Trussville’s credit rating drops

By Chris Basinger, News Editor TRUSSVILLE, Ala.–S&P Global has lowered its long-term general obligation warrant rating for the City of Trussville from “AA+” to “AA,” citing budget deficits and declining reserves. In its report, the credit rating firm stated that the negative outlook reflected its view that the city’s reserves are likely to decline further due to an expected FY24 deficit, a budgeted deficit for FY25, and the “lack of concrete pla…