SCHOOL DISTRICT HEADING TO REFERENDUM

The Ripon Area School District Board voted last night to place three referendum questions on the April ballot. I am waiting for the press release from Superintendent Zimman today and will post it when I get it.

Recently, the district received an A-plus rating from Standard and Poor's for its upcoming bond refinancing. The definition on the S&P webpage is as follows:
AA - An obligation rated 'AA' differs from the highest-rated obligations only to a small degree. The obligor's capacity to meet its financial commitment on the obligation is very strong.
A - An obligation rated 'A' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor's capacity to meet its financial commitment on the obligation is still strong.

So, the Ripon District has moved from the A rating it received for the 2006 fine art/FieldTurf referendum to an A+, which is in between the AA and A rating. Anyway you slice it, it is good news for the district as we move ahead with the refinancing, which is separate from the referendum questions.