RYE, N.Y. – The Rye City School District has retained its Aaa rating with Moody’s Investors Service, according to a press release.
Rye is only one of seven school districts in the state to receive the Aaa rating.
Moody’s lauded Rye educators for refinancing two of its bonds; this decision will ultimately save the school district more than $320,000.
“Moody’s granted the district (the) Aaa rating once again, recognizing long-standing fiscally conservative management by the Board of Education and the administration and the community’s support of the district as illustrated by unprecedented voter turnout and a 70 percent 'yes' vote in favor of the 2015-16 school budget,” Laura Slack, president of Rye City School District’s Board of Education, said in a press release.
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