Aledo Independent School District, Texas

...The 'AA' IDR and ULT ratings reflect the district's sound economic underpinnings supported by its location near the Dallas-Ft. Worth metroplex and the highest gap-closing capacity from a combination of adequate spending flexibility and robust reserves. Long-term liabilities and fixed costs have increased substantially as a result of additional debt issuances. Economic Resource Base: Aledo ISD is located 19 miles west of Fort Worth ('AA+' IDR) and lies primarily in Parker County. The city of Aledo has transitioned from an agriculture-based economy to an upscale suburb of Fort Worth. Residents are well-educated and affluent; the median household income in the district is almost twice that of the state....

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