Good news: Washougal School District has sound financial management
WASHOUGAL, Wash. -- Officials from the Washougal School District received good news last week when they were informed by Moody's Investors Service that the district's sound financial operations warrant a bond credit rating of "Aa3". This is two steps above the most recent "A2" rating received during the most recent review in 2000.
While a credit rating takes into account may factors such as the size of the tax base, area employment and economic growth, Moody's noted that the district has been able to sustain balanced budgets through difficult financial times and maintain prudent financial reserves.
"This is a strong credit rating, just one notch lower than our larger neighbors such as the Vancouver and Evergreen school districts. It will definitely help Washougal School District taxpayers in the future by lowering borrowing costs." said Superintendent Dawn Tarzian. The Board of Directors, business manager, and district staff are to be credited with the thoughtful management of district resources.
















