Moody's Investors Service called Minnesota's latest revenue forecast a positive for school district ratings as a budget surplus will allow the state to make good on about $1 billion of the $2.4 billion in school aid withheld when it struggled with a budget gap.

"The cash infusion is credit positive for school districts in Minnesota and will ease the restricted liquidity they've had as a result of the state's delayed aid payments to school districts," Moody's wrote in a recent report.

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