Lincoln-Way D210 Earns Improved Bond Rating

FRANKFORT, IL — The Lincoln-Way Community High School District 210 has announced its second bond rating upgrade in three years, improving to the AA- rating, according to a release from the District.

The rating is issued by S&P Global Ratings, the District said.

The new rating "reflects years of strategic financial planning, responsible budgeting, and long-term decision-making," according to the District. The rating will also allow the District to invest in critical building improvements and transportation needs while reducing the financial impact on local taxpayers.

In 2016, the district’s bond rating was at its lowest point; rating Ba1. Since then, the District said several key actions have contributed to its turnaround, including "a growing local tax base that strengthens revenue, balanced budgets driven by controlled spending, achievement of the District’s reserve fund target, and a focus on transparency, strategic planning and sound financial policies."

This spring, the District sold life safety bonds and issued debt certificates to fund facility improvements and purchase new school buses. This was possible in part because of
the upgraded bond rating, the District said.

“Our improved bond rating and financial stability show our commitment to responsible fiscal and operational management,” said Scott Tingley, Superintendent of Lincoln-Way District 210. “We continue making necessary improvements to our schools while ensuring we are responsible stewards of taxpayer dollars.”