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Dysart schools earn top rating to sell bonds
Comments 0 | Recommend 0The Dysart Unified School District has received an A+ rating from Fitch Ratings for the board-approved sale of $6.25 million in school-improvement bonds.
Fitch Ratings stated that despite the current economy, Dysart's approach to potential budget reductions warrants the stability afforded by the excellent rating. The A+ rating allows the district to sell the bonds at an advantageous rate.
The $6.25 million sale of school-improvement bonds will be used to construct an auditorium for Dysart's new high school, Shadow Ridge. The Arizona School Facilities Board provided the funding for the construction of the school, but does not include an auditorium within its allocation. The current bond sale may also be used for student transportation vehicles.
In November, 2006, the Dysart community approved a $190 million bond for capital projects. The current sale is the fourth sale of the 2006 voter-approved bond.
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