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Summary: Larkspur Sch Dist, CA; Tax Secured, General Obligation May 03 Product Image

Summary: Larkspur Sch Dist, CA; Tax Secured, General Obligation May 03

  • ID: 2054560
  • May 2003
  • Standard & Poors

Abstract
The 'AA' rating on Larkspur School District, Calif.'s GO bonds reflects: The district's easy access to the greater San Francisco Bay Area employment base; Good financial performance, supported by significant financial flexibility, including a parcel tax and the district's basic aid status; Above-average wealth and income levels; Healthy property tax-base growth; and Very low debt levels and limited future capital needs. The bonds are secured by a full faith and credit pledge of the district's ad valorem tax revenues and were issued to finance health and safety improvements to the district's facilities. Located just north of San Francisco, the district (population: 21,050) encompasses an 11.5 square-mile area in Marin County. The district provides K-8 education to approximately 915 students at...

Companies mentioned in this report are:
- Larkspur-Corte Madera Sch Dist

Action: Affirmed

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