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Summary: West Indpt Sch Dist, TX; General Obligation, Schools State Permanent Fund Apr 98
Standard & Poors, April 1998
The AAA rating on West Independent School District, Texas' bonds is based on the Texas Permanent School Fund. The underlying rating is based on: An agriculture based economy, Satisfactory financial performance, and A high debt. West Independent School District includes the city of West and several unincorporated communities. The city of West is located 17 miles north of Waco. The district's economic base is largely agricultural in nature. The city of West recently extended water and sewer service into a neighboring unincorporated area in an attempt to attract further development. Some modest residential development is occurring in the district. The district's assessed value (AV) grew 11.5% from 1993-1997 to $142.8 million, before the state's increased homestead exemption reduced it by...
Companies mentioned in this report are: West Indpt Sch Dist
Action: New Rating
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West Indpt Sch Dist