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![]() ![]() We were able to borrow the money,” Lee said, adding that the rating would not affect the cost of the bonds. ![]() The recent Moody’s rating won’t deter the district from moving forward with plans to construct three new elementary schools at an estimated cost of $37 million each, the superintendent said. 10 sale of $123 million in bonds to fund the district’s effort to upgrade its aging buildings. ![]() Superintendent Samuel Lee confirmed the Dec. The Bristol Township School District sold $123 million worth of bonds earlier this month under a bond rating that gives the district a “negative outlook” due to “weak financial results over the past three fiscal years” - and too much borrowing from savings to balance budgets, according to Moody’s Investors Service. ![]()
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