On June 21, 1961, the district sold $4,577,855 ($46,675,768.8 when adjusted for inflation from the 1961 value) of bonds due to from 1962 to 1990 to an investment banking group. The group was headed by Harriman, Ripley Co., Inc.[2]
In 2007 a redesign of the district's website went online.[3]
^"Directions." Babylon School District. Retrieved on April 5, 2013.
^"$4,577,855 BONDS SOLD BY BABYLON; School District 3 Awards Issue -- Other Municipals." The New York Times. June 22, 1961. Retrieved on April 6, 2013. "The Babylon, L.I., Union Free School District 3 sold yesterday $4,577,855 of bonds due from 1962 to 1990 to an investment banking group headed by Harriman, Ripley Co., Inc. The group bid 100,099 with a 3 3/4 per cent coupon and re-offered the bonds at prices to yield 1.75 to 3.85 per cent."
Central and Union Free school districts are authorized to operate high schools, though not all do, while common school districts may not operate high schools.