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Canyons Nets AAA Bond Ratings

Canyons School District has earned the highest possible AAA bond ratings and Stable Rating Outlooks from Fitch Ratings and Moody’s Investors Service.

Fitch on Monday, Sept. 16, 2013 assigned an underlying rating of AAA to the $60 million general obligation (GO) bonds, series 2013. The bonds are to be sold by competitive bid this month. Proceeds will be used to finance various capital projects as part of the $250 million bond approved by Canyons voters in June 2010.

Moody’s assigned the underlying rating of AAA to the bonds on Sept. 12, 2013 and a stable outlook as well. It also affirmed the AAA underlying rating on the District’s $140.7 million in outstanding rated parity debt.

Fitch cited strong financial operations and conservative budgeting practices in issuing the AAA rating.

“The underlying ratings and Outlook reflect the district’s credit quality without consideration of the guaranty provided by the Utah School Bond Default Avoidance Program,” Fitch announced. “The district ended its fourth fiscal year of operations with an increasingly strong unrestricted general fund balance, ample liquidity, a low debt burden, adequately funded pension liabilities, and fully funded other post-employment benefit liabilities … (and) continues to benefit from positive labor relations.”

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Lucie Chamberlain

Alta View Elementary

If a movie about super teachers were ever made, Lucie Chamberlain would be a prime candidate for a leading role. Fortunately for her kindergarten students at Alta View Elementary, she already thrives in a supporting role for them. Parents thank her for being a “super teacher.” She is also described as an “amazing colleague.” Whether students need help in the classroom or from home while sick, Lucie goes above and beyond to help them learn, overcome fears, and feel important and cared for. Lucie is the reason a number of kids went from hating school to loving it, according to parents. The way she exudes patience, sweetness, positive energy, and love for her students with special needs melts is appreciated and admired. One parent noted: “Both my kids wish she could be their teacher forever.” Another added:  “She treats every student like their learning and their feelings are her priority.” Super teacher, indeed!

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