PARK TWP., MI (WHTC-AM/FM) – It seems as if one of Wall Street’s ratings titans likes the Lakeshore’s largest school district by student enrollment.
West Ottawa Public Schools disclosed that Moody’s Investors Service this past Friday assigned the district a Aa2 general obligation unlimited tax rating, the third highest such rating available. The firm cited the Panthers’ improving financial position, resulting in solid reserves, a healthy financial profile and stable financial operations, as reasons for the status upgrade.
In a statement, district Associate Superintendent of Business Services Jim English said that “these ratings … affirm the financial stability of West Ottawa Public Schools, (as well as) the work has been done to maintain and grow the district’s financial reserves, and the strength of the local economy. It’s essential (that) we plan for the long-term viability of the district’s resources, (and) this rating assignment demonstrates we’re doing just that.”
Voters in the district approved a nearly 90 million-dollar bond proposal three years ago for safety and security improvements, building upgrades and classroom technology advancements.
