M.I.S.D. given higher bond rating by Standard & Poor's

Staff Report
NewsWest 9

It's good news for Midland taxpayers.

The Midland School District has been given a higher bond rating by Standard and Poor's.

A double "A".

So what does that mean?

When a school district gets a higher rating, they're eligible for lower interest rates, and that translates into less money taxpayers have to shell out.

It also puts the district in a more favorable light when they're competing with other school districts trying to sell bonds.

The Midland School District is one of 22 in the state to get the higher rating.