In Standard&Poor's Ratings Services' opinion, the 'AA+' long-term rating assigned to Eastport-South Manor Central School District, N.Y.'s series 2009B school district serial bonds reflects the district's: Access to strong local economies throughout Nassau and Suffolk counties; Very strong resident income and property wealth indicators; Good and well-embedded financial management policies and procedures, supporting a strong reserve position; and Low debt levels, attributable to significant state reimbursement for debt service. The district's full faith and credit pledge secures the bonds, payable from ad valorem taxes levied on all taxable real property within the district. Officials will use bond proceeds to finance the construction of improvements to various elementary school buildings and to fund districtwide technology, athletic facility, and site
