Rockford Public Schools will release for sale $100 million in bonds through its underwriter, Stifel, Nicolaus & Company. The bonds will be used for $139 million of school improvements, the first phase of a $311 million plan approved by voters in November.
Standard & Poor’s is still deciding on the district’s credit rating, which determines the lending rate. District financial officials met with an S&P team late last week; a decision on the rating is expected by March 8. The bonds will be sold the week of March 11.