Kansas City school board member Melissa Robinson was happy to report this week that Kansas City Public Schools merited an upgrade in its credit rating.
Standard & Poor’s Rating Services boosted the district’s credit rating to A+ from A, Robinson said at a Wednesday night meeting of the school board. The agency also gave the district a “stable” outlook.
Behind it all was the district’s balanced budget, fiscal stability and provisional accreditation, which Kansas City Public Schools earned last year. It’s hard to imagine that from 2011 to 2014, Kansas City Public Schools had lost its accreditation and was fighting to keep from being taken over by the state as well as having students be able to transfer out of the district because it wasn’t accredited.
In a written statement, school Superintendent Stephen Green said a lot of hard work went into the improvements.
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“This is really a reflection of our commitment to excellence in everything we do here at Kansas City Public Schools and our dedication to building the very best public school system for our taxpayers,” Green said. “Ultimately, this can make it easier for us to provide the types of programs, services and facilities our students and staff members need to succeed. It’s a win for everyone.”
The higher credit rating will enable the district to purchase bonds at a lower interest rate if the need ever arises. Green said he expects Kansas City Public Schools to attain full accreditation this year.