Chicago Board of Education, Illinois; Tax Secured, General Obligation Nov 01
- ID: 2033697
- November 2001
- Region: Illinois
- Standard & Poors
The rating on Chicago Board of Education, Ill.'s bonds reflects the following factors: The city's deep and diverse economic base, with growth paralleling that of the nation; A new chief executive officer and board president, but retained financial management team that continues to maintain the schools' financial health as evidenced by four consecutive years of structurally balanced budgets and operations that have consistently outperformed the board's four-year financial plans; A manageable union contract that runs through June 2003, making budgeting predictable; Continued constituent support for board policies resulting from improving education as measured by generally higher test scores; higher enrollment, attendance, and graduation rates; and Lower incidences of truancy, all of which enhance the likelihood of additional achievement. Mitigating factors...
Companies mentioned in this report are:
- Chicago Brd of Ed
Action: New Rating
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Research Type: Full Analysis