- Associated Press - Monday, June 1, 2015

COLUMBUS, Miss. (AP) - The Lowndes County school board is getting a review of its credit rating before deciding how quickly to spend $44 million approved by voters in May.

The Commercial Dispatch reports (https://bit.ly/1FXnvj6 ) the board was told this past week that it currently has AA-rating. The maximum rating is AAA. The board is asking Standard and Poor’s for an update.

The rating could impact how much interest the school board pays on the bond issue.

The money will provide the school district with $11 million for a centralized career-technical center; $26 million for a new high school on the New Hope campus; $3 million for upgrades and additions at the Caledonia campus; $1.9 million for a new field house at Caledonia; and $2.1 million for renovations on the West Lowndes campus.


Information from: The Commercial Dispatch, https://www.cdispatch.com



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