School bonds

San Juan Unified says it has saved $636 million on debt service over the years by keeping down maturities at the long end of GO bond issues.

A Fitch rating analyst pointed to the school system's elevated long-term liability burden that could be exacerbated by future voter-approved bonds.

A state judge ordered the Arizona Legislature to enact a system for funding public school facilities that is constitutional and set a timeframe for compliance.

Ratings analysts have thrown out warning flags about California schools, but a buyside analyst says they are a good investment.

Moody's cited the district's narrowing financial position as its available fund balance sank to 4.8% of revenue in fiscal 2025.

A Nebraska state senator introduced legislation that would require a minimum 50.1% voter turnout for bond measure elections.

The statutory watchdog requirement that arrived with Proposition 39 has not delivered on its promise — and the Legislature has authority to try something better.

After voters rejected a 2019 bond proposal, Michigan's Dearborn Public Schools is mulling a possible $500 million, $1 billion or $1.5 billion bond this year.

Hamilton City Schools blames state funding formula changes and property tax reforms for a fiscal emergency that has prompted school closures and deep cuts.

New Jersey says the Lakewood Township School District failed to deliver an adequate education. The district says it is shortchanged by state funding formulas.

Moody's Ratings downgraded Fridley Independent School District three notches, to Ba3 from Baa3, and placed its bond ratings under review for downgrade.

The second-largest public school system in Texas could ask voters to approve as much as $6.24 billion of bond authorization as soon as in May.

Berryessa Union School District in Santa Clara County had its issuer rating downgraded to A2 from A1 by Moody's.

When Ohio Gov. Mike DeWine signed property tax reform bills, there was hope in Columbus it would appease voters who backed a push to abolish property taxes.

Enrollment began to drop in the middle of the school year as rumors about immigration raids circulated through Fresno, Aspen Public Schools told bond investors.

The Equitable School Revolving Fund, which has more deals in the works, has maintained its strong credit profile even as the sector has experienced headwinds.

The rating agency lowered the outlook to stable on its A-plus rating, saying Pennsylvania didn't do itself many favors in its fiscal 2026 budget season. 

The long-awaited budget closely resembles the governor's original proposal, pared down by just over $1 billion.

Negative rating and outlook revisions for U.S. K-12 public school districts rose markedly from 2024 to 2025, according to S&P Global Ratings.

Moody's cited very narrow liquidity, very high leverage and concerns about delays in opening up a new campus.