Reading School District’s Bond Rating Dropped

Map of Berks County, Pennsylvania, United States Public School Districts (Photo credit: Wikipedia)

The Reading School District has faced some major financial challenges lately, and it’s not going unnoticed.

Citing budget struggles and a $15 million accounting mistake discovered last year, Moody’s Investors Service, a major credit-rating firm, has lowered two district bond ratings by two levels.

Moody’s announced last week the district’s underlying general obligation rating was lowered to Baa2 from A3, and its enhanced rating was lowered to A3 from A1.

The outlook for both ratings, a release from Moody’s says, is negative.

Read more: http://readingeagle.com/article.aspx?id=502171

Friends Of Pottstown Public Education Candidates Win School Director Seats

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We would like to extend our most sincere congratulations to Judyth Zahora, Andrew Kefer and Mary-Beth Lydon for each winning a seat on the Pottstown School Board!  The Friends of Pottstown Public Education candidates ran as a block and they will help return the voice of reason to the Pottstown School Board.  

Judy, Mary-Beth and Andrew will join Robert Hartman and Polly Weand in keeping Mr. Hylton’s ego and spending in check!  Had Mr. Hylton’s hand-picked candidates won, it would have given Mr. Hylton carte blanche on the renovations, which Pottstown taxpayers cannot afford!

Many thanks to the Pottstown voters who turned out today and exercised their right to vote in a free election, as guaranteed by our constitution.