District awarded prestigious financial rating

Dallas ISD is being nationally recognized as it continues to prioritize being good stewards of taxpayer dollars.

Recently, the Kroll Bond Rating Agency, a New York based company, assigned an AAA bond rating to Dallas ISD. This is the highest bond rating a school district can receive.

“This bond rating is a game changer for Dallas ISD,” said Eduardo Ramos, chief financial officer for Dallas ISD. “It's exciting to see that the years of hard work the district has put in with sound fiscal management and strong financial policies has been recognized by the Kroll Bond Rating Agency. This rating will save our taxpayers millions of dollars over the life of our bonds.”

A bond rating for a school district is similar to a tax rating –  the higher the rating, the lower the interest rates. And, of over 1,000 school districts in Texas, 11 of them have a AAA bond rating, he said.

In order to achieve this rating, districts must have:

• Strong financial management policies

• An effective and experienced leadership team

• Favorable financial operating performance

• Solid reserve and liquidity levels

• A diverse and growing economic base