Summary: Dodge City, Kansas; General Obligation; Note

S&P Global Ratings assigned its 'A+' rating to Dodge City, Kan.'s anticipated $2.1 million series 2024-A general obligation (GO) bonds and its 'SP-1+' short-term rating to Dodge City's roughly $10.4 million series 2024-1 GO temporary notes. We also affirmed our 'A+' long-term rating and underlying rating (SPUR) on Dodge City's existing GO debt and our 'SP-1+' short-term rating on the city's existing notes. The outlook on the long-term ratings is stable. Dodge City's full-faith-and-credit pledge secures the GO bonds and notes, which are a GO of the city. Certain GO bonds and notes are also payable from special assessment taxes levied for improvements financed with bond and note proceeds. Despite the dual pledge, we rate the bonds and notes to

...Most recent Historical information 2022 2021 2020 Very weak economy Projected per capita EBI % of U.S. 75 Market value per capita ($) 51,813 Population 26,717 26,929 County unemployment rate(%) 2.1 Market value ($000) 1,431,813 1,298,431 2,186,152 Ten largest taxpayers % of taxable value 17.7 Strong budgetary performance Operating fund result % of expenditures 0.9 (2.9) 19.1 Total governmental fund result % of expenditures 18.9 (4.4) (1.3) Strong budgetary flexibility Available reserves % of operating expenditures 35.8 35.5 46.0 Total available reserves ($000) 6,032 5,873 5,750 Very strong liquidity Total government cash % of governmental fund expenditures 90 89 86 Total government cash % of governmental fund debt service 354 472 420 Adequate management Financial Management Assessment Standard Very weak debt & long-term liabilities Debt service % of governmental fund expenditures 25.5 18.8 20.5 Net direct debt % of governmental fund revenue 215 Overall net debt % of market value 11.2 Direct...

Summary