Jeffco Restored

Want more great news? Financial transparency has stabilized and fiscal performance of Jeffco Schools has been restored since the recall!

In 2016, Standard & Poor’s revised its outlook for Jeffco Schools to positive from stable and affirmed its AA- long-term rating and underlying rating for the district’s GO bonds outstanding and its A+ long-term rating and underlying rating on the district’s COPs outstanding. In addition, S&P assigned its A+ long-term rating to the district’s Series 2016 COPs.

MOODY’S ISSUERS REPORT IN JUNE 2017 WAS FAVORABLE TO THE DISTRICT. THE REPORT CONFIRMED THE DISTRICT’S HIGH QUALITY CREDIT POSITION AND NOTED THAT THE DISTRICT’S AA2 RATING SLIGHTLY EXCEEDS THE MEDIAN RATING OF AA3 FOR U.S. SCHOOL DISTRICTS. NOTABLE FACTORS FOR THE FAVORABLE REPORT INCLUDE THE DISTRICT’S ROBUST FINANCIAL POSITION, EXPANSIVE TAX BASE, STRONG SOCIOECONOMIC PROFILE, OUTSIZED PENSION BURDEN WITH AN EXTREMELY SMALL DEBT LIABILITY, AND SURPLUS OPERATING MARGINS DEMONSTRATING STRONG FINANCIAL MANAGEMENT. 

Another reason to #KeepJeffcoMovingForward! We cannot go back to the days and ways of the board during the 2013-2015 board.