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Milford district reports swing to $4M positive forecast, Moody’s affirms Aa2 rating; bond refund to save taxpayers about $1.7M
Summary
District financial officials reported a swing from a projected $3.5 million deficit to a roughly $4 million positive five-year forecast and Moody’s affirmed an Aa2 rating; the board approved appropriation amendments and transfers to close the fiscal year.
At the June 19 board meeting, district financial officials reported a stronger-than-expected outlook and the board approved a set of year-end budget adjustments and transfers.
"We are balanced, our fund balanced inside the state software and our operating account," Doug (treasurer) told the board while presenting financial reports through May 31, 2025. He noted the district has earned more than $5 million in interest year to date across bond proceeds and the general fund.
Doug showed a five-year forecast filed in November that had projected a $3.5 million…
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