Undated -- We all know it, the economy has been bad the past few years. Many individuals and businesses have struggled, but so have the budgets of many cities and municipalities, like the city of Thomasville.
A few years ago, the city received an 'A' rating from Standards and Poors rating services. An "A" means an organization has a strong capacity to meet financial commitments, but is somewhat susceptible to adverse economic conditions and changes in circumstances.
Now, after much hardwork and strict budgeting, they've gotten upgraded -- from an 'A' to an 'A+'.
The city learned valuable budget lessons, and now they're sharing. City Manager Kelly Craver joined News 2's Tanya Rivera to share what they did and how individuals can put it to use.
Craver's suggestions came down to three points:
-Make a plan of expenditures.
-Make a timeline of paying off debt.
-Have a reserve fund.
To hear the specifics of the suggestions, watch the full interview.
WFMY News 2