‘Stable’ Credit Rating Outlook After Budget Cuts for San Marcos Unified

The credit rating reflects a significant improvement in the district’s finances after painful budget cuts. Struggling financially, San Marcos Unified earned a “negative” rating for the past five years. The district had delayed cutting costs to right-size its budget while salary and benefit expenses continued to rise.

This summary originated from a story produced by Kristen Taketa for The San Diego Union Tribune.