...The 'AAA' Issuer Default Rating (IDR) and underlying rating on the outstanding GO bonds reflect the district's strong financial operations, flexible labor environment, and low long-term liability burden. The district's superior inherent budget flexibility has resulted in the highest level of gap-closing capacity. The district's GO bonds are supported by a growing tax base. Economic Resource Base: Jordan School District is the fourth largest in Utah, with over 57,000 students spread across 61 schools and buildings. It is located approximately 12 miles south of Salt Lake City, encompassing approximately 182 square miles. The district is mostly residential, with moderately large retail/commercial centers, and continues to benefit from being an integral part of the Salt Lake County economic hub....
