The Santa Monica-Malibu Unified School District recently had their ‘AAA’ rating affirmed from Moody’s Investors Service (“Moody’s”) for the second consecutive year (the highest rating assigned by Moody’s), and received an upgraded rating from S & P Global to ‘AA+,’ on existing general obligation bonds. Taxpayers will save close to $10 million over the life of the bonds through lower borrowing costs associated with high ratings.

The SMMUSD Board of Education has approved a school improvement funding measure to be placed on November 2018 ballots, with a $485 million bond for Santa Monica schools and $195 million bond for Malibu schools. 

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