This is an archived article that was published on sltrib.com in 2006, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Splitting apart existing school districts into smaller entities could impact bond ratings, warned a state financial adviser and a Jordan School District official Tuesday. The two officials said dividing school districts might affect bond ratings of both the new and old districts at the ad hoc small-school-districts committee at the State Capitol. While exact scenarios remained unclear, it appears a new district may not receive a rating until it has a proven financial track record, which could take several years, officials said. Bond ratings are linked to a district's ability to raise money for construction and maintenance. Also discussed was the possibility of amending the current small school districts law to allow new districts to follow city and school boundaries. - Julia Lyon


