District gets good Aa2 bond rate
At a time when bad credit seems to be catching up with many Americans, that isn't the case for the Hudson School District.
The Board of Education heard a report that the district's credit rating is among the best in the state and, as a result, it will get an interest rate of 3.35 percent on the refunding of $5,185,000 general obligation bonds. That will mean a savings -- after costs -- of $223,042 over the life of the bonds. The board approved the refunding unanimously.