Nampa bond rating gets another upgrade

Three years ago, the Nampa School District erased a $5.3 million shortfall.

This week, Moody’s Investors Service upgraded Nampa’s bond rating — for the third successive year.

The state’s third-largest district now has an A2 rating.

Moody’s cited several reasons for the upgrade: improved internal fiscal controls; a two-year, $15.56 million supplemental levy, passed in 2015; and a commitment to building the district’s budget reserves. Nampa has built up a 5 percent budget reserve.

“We recognize that it is important to use the money we receive from the public in a wise and prudent fashion, and we are dedicated to providing the best education to our students while maintaining a balanced budget,” district finance director Randy Dewey said in a news release.

Kevin Richert

Kevin Richert

Senior reporter and blogger Kevin Richert specializes in education politics and education policy. He has more than 30 years of experience in Idaho journalism. He is a frequent guest on "Idaho Reports" on Idaho Public Television and "Idaho Matters" on Boise State Public Radio. Follow Kevin on Twitter: @KevinRichert. He can be reached at [email protected]

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