TITLE

Colorado School District Slips Two Notches as Charges Loom

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
December 2002
SOURCE
Bond Buyer;12/5/2002, Vol. 342 Issue 31526, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that criminal investigation of the Saint Vrain Valley School District in Boulder County, Colorado, led credit rating agency Moody's Investors Service to reduce the district's credit rating in December 2002. Discovery of a budget deficit of $10.3 million led to the investigation; Reasons cited by the district for the deficit; Omission of payroll costs for 150 district employees for two years.
ACCESSION #
8849275

 

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