Lincoln-Way Community High School District 210 is pleased to announce a second bond rating upgrade in just three years, which serves as a sign of the district’s steady financial recovery.
The improved bond rating, now at AA- as issued by S&P Global Ratings, reflects years of strategic financial planning, responsible budgeting, and long-term decision-making. Most importantly, it allows 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. Since then, several key actions have contributed to its turnaround:
A growing local tax base that strengthens revenue.
Balanced budgets driven by controlled spending.
Achievement of the District’s reserve fund target.
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.
“Our improved bond rating and financial stability show our commitment to responsible fiscal and operational management,” said Dr. Tingley, Superintendent of Lincoln-Way District 210. “We continue making necessary improvements to our schools while ensuring we are responsible stewards of taxpayer dollars.”