News Briefs: ParkAtlanta lawsuit; TechHire City; city credit rating

No_Parking_Sign_With_Symbol_LA class action lawsuit is in the works against ParkAtlanta, according to a report from CBS46. The company wrote more than 200,000 parking tickets in 2015 and has faced heavy criticism from residents and businesses for its practices. The city is considering dropping ParkAtlanta and finding another vendor or reassuming direct management of parking itself. Those interested in joining the class-action can call 888-665-0241.

The City of Atlanta announced today that it has been designated as a TechHire City by the White House. Atlanta joins 15 more cities nationwide that have committed to creating pathways to better, well-paying tech jobs and meeting urgent employer demand. The Atlanta Workforce Development Agency, The Iron Yard, and TechSquare Labs will partner to lead and implement the Atlanta TechHire Initiative. Read more at this link.

Atlanta’s credit rating just got a big upgrade. Standard & Poor’s Rating Services, Moody’s Investors Service and Fitch Ratings have all upgraded the City of Atlanta’s general obligation debt. Standard & Poor’s raised its rating to AA+ from AA; Moody’s raised its rating to Aa1 from Aa2; and Fitch has increased its rating to AA+. The upgrades represent the highest credit rating the City of Atlanta has had in more than two decades. Read more at this link.

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