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• Good-to-adequate economic indicators and participation in the broad and diverse Chicagoland
metropolitan statistical area (MSA);
• Very strong financial profile with surpluses expected for fiscal 2020, which will add to already
very strong reserves that currently provide over half a year of expenditures; and

• Moderate debt profile with no plans to issue additional debt.

Below is a listing of the ratings and their meanings:

The series 2020B and 2020C bonds are will go to market in late April or early May. Those two
issues will complete the transactions necessary to get the entire $105m in bond proceeds before the
end of the fiscal year.
Transportation Request

Rich 227 student transportation ended on March 13, 2020, as a result of the statewide school closings. On
March 17, the district administrators began to get inquiries from transportation contractors asking to be
paid anywhere from 80% to 100% of their regular routes during the shutdown through the end of the
school year. These request were from our major transportation provider and some of the smaller
transportation providers. The requests were made based on the underlying premise,
“We are making this request since Governor Pritzker mentioned last Friday that all school funding is
expected to continue. We feel this request is essential to ensure that we have the employees necessary to
service your district whenever the schools resume.

CHICAGO HEIGHTS COUNTRY CLUB HILLS MATTESON OLYMPIA FIELDS PARK FOREST RICHTON PARK UNIVERSITY
PARK

EQUAL OPPORTUNITY EMPLOYER/EDUCATOR