City's credit rating upgrade saves taxpayer dollars - WXOW News 19 La Crosse, WI – News, Weather and Sports |

City's credit rating upgrade saves taxpayer dollars

LA CROSSE, Wis.  (WXOW) The City of La Crosse's credit rating is on the rise, and that's good news for taxpayers.
According to Director of Finance and City Treasurer Wayne Delagrave, Standard & Poor's upgraded it's rating of the city from AA to AA+. The rating is only one notch below the top rating of  AAA. 

Just like a personal credit score, the higher a city's rating, the less a municipality will pay in interest. Delagrave says the credit upgrade means the city will be able to do more to improve infrastructure.

The upgrade is based on a "financial check list" that Standard & Poor's uses for credit ratings.

Delagrave says the city's new AA+ rating is it's highest since at least the late 1960's.

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