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Fairfax County Public Schools (FCPS)
Reply to "APS Superintendent High School Overcrowding Plan"
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[quote=Anonymous]These last few posts are helpful. Can somebody explain to me how the 10% cap works? I see it explained on the County website that the ratio of net tax-supported debt service to general expenditures "should not" exceed ten percent within the ten-year projection. But are we close to that cap now? And if yes, what happens if we go over? Does that automatically drop our bond rating, or does it just become a risk? And is it really a big deal to drop from AAA to AA+? Both are still considered pretty good investments from an outsider perspective. And are school bonds looked at against all general expenditures? Or is it school bond debt service looked at specifically as a percent of school general expenditures? I want to write a letter urging a bond issuance to buy land to build a 4th high school, but want to make sure that I am using the right financial terms and addressing to the right board. TIA.[/quote]
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