Lakeland, Florida’s upgrade to ‘AA+’ reflects improved economic and demographic indicators, a robust reserve position with $71.3 million in the general fund (44.6% of spending) and $230 million in the public improvement endowment fund, and strong long-term liability metrics, with the city’s fiscal 2024 general fund budget totaling $175 million and a 7% net operating surplus.
Tue 13 May, 2025 – 5:17 PM ET