SAN MARCOS, CA (March 10, 2025) – A bond rating service has affirmed its AA General Obligation Bond Rating for the Palomar Community College District, finding that the district has a stable financial outlook.

In its report published February 26, S & P Global Ratings said the rating reflects the District’s rising enrollment since the pandemic, a large and expanding property tax base, and an experienced leadership team. The report found that the district has sufficient financial liquidity to absorb any projected deficits and said district leadership plans to adjust future budgets to achieve and maintain structural balance and healthy financial resources.

“We have been steadfast in our commitment to improving the fiscal stability of the District and the results are significant. In addition, through our district wide focus on enrollment growth and retention, we have experienced enrollment increases for the most recent six consecutive academic terms,” said Dr. Star Rivera-Lacey, Superintendent/President of the Palomar Community College District.  “We remain grateful to our taxpayers for their passage of Prop M in 2006 and will continue to use our resources wisely to provide outstanding educational opportunities and facilities for our students.”

The S & P Global Rating report can be found at the Palomar.edu website.