Madison's pandemic-era borrowing discipline (2020-2021)
Madison completed annual cash-flow borrowing in August 2020 at a 0.2% interest rate, the best possible short-term rating from S&P. CFO Kelly Ruppell credited the board's pandemic decisions with earning that rating.
District saved $600,000 in interest payments on that year's cash-flow loan compared to the prior year.
Strong credit rating gave the district more borrowing options when executing the 2024 facilities referendum.
Explains how the district's credit rating and borrowing history shape the current financing strategy.
