Mechanicsburg, Pennsylvania — As of January 29, 2025, the credit rating for Cumberland Valley School District’s general obligation debt was lowered from “AA-” to “A” with a negative outlook. The rating could be lowered again due to the school district’s structurally imbalanced operations and projected deficits.
“The downgrade reflects the district’s weakened reserve position, coupled with projected large deficits, thinning its available reserves,” said S&P Global Ratings credit analyst Mona Elfar.
Explanation
- Cumberland Valley School District:
- The downgrade was due to a weakened reserve position and projected deficits.
- The negative outlook indicates a one-in-three chance of a rating lowering if the district’s operations remain imbalanced.
Factors that can affect credit ratings
- Reserve position: A weakened reserve position can lead to a downgrade.
- Projected deficits: Projected deficits can lead to a downgrade.
- Budgetary adjustments: Ongoing budgetary adjustments may not be enough to prevent a downgrade.
Other credit ratings
- Cumberland County, PA has an “AAA” rating from Standard and Poor’s (S&P) Global Ratings.
Harrisburg100 
Are those people celebrating a credit downgrade?
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You obviously need some DEI training yourself! Who would suggest such a thing?
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DEI = Dumb Evil Idiots
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And how much of CVSD”s budget was spent on DEI which is now required to be eliminated from operational use
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What a picture! Not a care in world as they destroy the greatest district in the region
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The first S&P downgrade to “negative” in June ‘23 and this double downgrade IS the Dunn-Rausch Legacy! …and Rausch refused to give 4 board members a detailed budget before voting on the last budget! Now everyone knows why!
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How could CFO Willis with all those years of experience drive the district into insolvency? He should be fired! …along with Blanchard! …a bit too late now to jump ship…your currency is quite damaged!
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Heading toward state receivership.
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Isn’t Mike Gossert the current Chair of the Finance Committee? Is he asleep at the wheel? Is it negligence or incompetence?
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A credit downgrade equals the “best school board meeting” ? What is cvcures and why does it celebrate our school going into financial insolvency?
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Dunn looks so happy with her “anger” performance and contrived gaslight indignation.
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Dunn comes to meetings and keeps praising administration, especially Blanchard about how lucky the district is to have such a great leader. Not sure what’s worse, Dunn’s judgement or Blanchard’s financial and leadership incompetence?
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Why are they all happy about a credit downgrade? What is wrong with these people?
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The sinister 6?
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who’s running board, Dunn or Rausch. Both are terrible. She is an angry person and he is just a weak man. Why are they making cv fail?
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So is CV CUReS a political action slush fund? Is it legal for CV CUReS to buy a school board?
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[…] Pennsylvania — As the district is faced with a downgraded credit rating and projected deficits, an email from Cumberland Valley School District Superintendent Mark […]
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