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Barry Doyle's avatar

Oof, that last paragraph in the quote from Moodys says it all ...

Back when the lease certificates were being issued and the administration was carrying on about the District's credit rating, I asked Obafemi how it could have a great credit rating given that they were talking about a structural deficit even then. He said it was based primarily on how efficient the District was in realizing tax revenue and since the District was close to 100%, it would take a lot to see a downgrade.

Guess that bridge has been crossed ....

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Sandy's avatar

Congrats, Sergio, Biz, Mya, Soo, Joey, Donna, and Omar!

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