Contact: Ann Hatch
214-378-1819;
ahatch@dcccd.edu
For immediate release — Jan. 17, 2017
News brief
“DCCCD’s tax rate is among the lowest in the state, and our tuition rates are among the most affordable in Texas as well. Fitch cited those factors in its rating,” said Dr. Joe May, DCCCD's chancellor.
(DALLAS) — The Dallas County Community College District again is “AAA.” That’s what Fitch Ratings said in January about DCCCD’s general obligation bonds, stating that the district’s rating outlook is stable.
Dr. Joe May, DCCCD’s chancellor, said in response to the excellent rating, “The Dallas County Community College District follows strong financial management practices over the long term, with the approval of our board of trustees, to ensure that we have the necessary capital for operations.
“We consistently practice financial transparency, and we have been recognized not only by Fitch and other agencies, but also by the Texas Comptroller’s Office repeatedly for our business staff’s outstanding work,” he said.
May added, “DCCCD’s tax rate is among the lowest in the state, and our tuition rates are among the most affordable in Texas as well. Fitch cited those factors in its rating.”
Fitch described DCCCD’s financial resilience as “superior” and expects the district to maintain that status throughout the budget cycle “due to economic flexibility, modest revenue volatility and a history of maintaining high levels of unrestricted cash/investments.”
For more information, contact John Robertson, DCCCD’s chief financial officer, at (972) 860-7752.
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