April 15, 2024
To Our District 67 Community:
We are proud to share that Moody’s Investors Service reaffirmed the District’s Aaa bond rating. Moody’s Investors Service is one of three credit agencies that provide ratings to school districts. This is the 14th year in a row District 67 has been recognized at this prestigious level.
This news signifies the District's continued commitment to responsible fiscal management and strong financial health. The Aaa rating reflects the independent evaluation of the District’s financial statements, accounting practices, and meticulous financial management by the administration and Board of Education.
Practically speaking, the Aaa rating is considered “investment grade” and would allow the District to borrow money at favorable interest rates, which in turn would deliver savings to tax-paying residents. Although the District does not currently have any immediate plans to borrow funds, the Aaa rating is good news for the District and the community.
Details regarding the Moody's Investors Service rating may be found in today’s press release. As always, detailed financial information, including our recently adopted 2023 clean financial audit, can be found on the District’s website.
We continue to take our responsibility to steward public dollars seriously. The District, Board of Education, and Finance & Operations Committee will continue to share their thoughtful and measured decisions with the community as we aim to balance cost-efficiency with effective practices and a commitment to excellence shared by the wider community.
Sincerely,
