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Fitch affirms Brook Park's AA- (negative); city reports income-tax growth and expands e-filing and AI auditing
Summary
Finance Director Robert McGahn said Fitch affirmed the city's AA- (double-A negative) rating while reporting $24.2 million in 2025 income-tax revenue. Tax Administrator Thornburg described expanded e-filing, a paid-preparer partnership (IN*SOURCE) and a new AI-driven audit workflow to flag return errors for staff review.
Brook Park officials on Feb. 3 told council that Fitch Ratings affirmed the city's issuer default rating at double-A negative following a review of 2024 financials, and that preliminary 2025 income-tax collections rose above $24.2 million.
Finance Director Robert McGahn said Fitch applied a temporary negative model deviation but affirmed the city’s rating, noting the review reflects 2024 financials and that the city’s improved revenue profile could support rating…
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