Restoring Topeka’s Aa2 general obligation bond rating will require building up the city’s general fund balance over the next five years, City Manager Jim Colson said after Moody’s Investors Service lowered $164 million of Topeka GO debt to Aa3 from Aa2.

“While we are disappointed in the outcome, we hear the message loud and clear,” Colson said. “We need to balance our budget and rebuild our liquidity.”

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