S&P Global Ratings assigned its ?AAA? long-term rating to Burnsville , Minn.?s anticipated $73 million series 2025A general obligation (GO) capital improvement bonds. The outlook is stable. Burnsville's full faith and credit and ad valorem taxing powers secure its GO bonds. The city will use bond proceeds to pay for a portion of the expansion and renovation of its combined police station and city hall project. An additional $27 million to be issued in 2026 will provide the remainder of the planned financing costs for the project. The rating reflects Burnsville's robust and prudent approach to financial management, highlighted by several formal policies, annually updated five-year forecasts used to right-size levy and various rate increases, and an annually updated capital
