S&P Global Ratings assigned its 'AA+' long-term rating to Saratoga Springs City School District (CSD), N.Y.'s $37.195 million general obligation (GO) series 2024 school district serial bonds. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the district's long-term GO debt outstanding. The outlook is stable. The district's faith-and-credit pledge secures the bonds. Bond proceeds will finance bus purchases ($1.5 million) and the next phase of renovation projects across all of the district's facilities, as authorized by voters in 2020. Saratoga Springs CSD's positive financial performance over the last two years, which has bolstered its already very strong reserve position, along with a stable local economy, continues to support the rating. The district operates within a predictable
