HOPEWELL JUNCTION, N.Y. – The Wappinger Central School District (WCSD) has received a significant financial endorsement, earning an upgraded credit rating from Moody’s Investment Services. Following a requested fiscal review, Moody’s elevated the district’s rating to MIG 1 — the highest short-term bond rating available for government entities.
The rating reflects Moody’s confidence in WCSD’s financial health and stability, an achievement that places the district in strong standing among public institutions. WCSD is the eighth-largest school district in New York State outside of New York City.
Leadership Praises Team Effort and Fiscal Discipline
Superintendent Dr. Dwight Bonk attributed the upgrade to the district’s consistent commitment to prudent financial management.
“This designation denotes superior credit quality and is a reflection of our focus on responsible fiscal management,” said Dr. Bonk. “Our fiscal responsibility and careful stewardship of taxpayer funds continue to support capital improvements that directly benefit all students.”
Dr. Bonk emphasized that the accomplishment was the result of collaboration among district leadership, including the Board of Education and Assistant Superintendent of Finance and Business Development Kristen Dainty.
“The district has worked extensively on both short- and long-term financial planning to ensure we provide essential programs and services while maintaining strong financial discipline,” he added.
Community Support and Future Focus
In thanking the WCSD community for its continued support, Dr. Bonk reaffirmed the district’s ongoing focus on financial responsibility and student-centered investments.
The upgraded credit rating is expected to enhance WCSD’s ability to secure favorable terms for future borrowing, especially for infrastructure and improvement projects that will serve students across the district.
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