School bonds

The appelate ruling in favor of the San Juan Unified School District helps clarify what districts can finance under the state laws governing bond elections.

Chicago Public Schools plans to return to market with $650 million of Series 2025A unlimited tax general obligation bonds.

The school had less than one time debt service coverage last fiscal year.

Virginia Gov. Glenn Youngkin is touting a $4.7 billion reserve fund as he prepares to leave office and possibly seek a presidential run while an academic study predicts headwinds for the state's economy.

The relative rarity of the credit was compounded by their source of funds, the deal's size, and bond ratings slightly lower than New York state and city. 

The ruling by a state judge comes in a lawsuit that pointed to unequal access by public school districts to local property taxes and bonds.

A flow of public dollars to private schools has raised credit concerns about public schools and spurred litigation in Southwest states.

The Local Government Commission approved issuance of notes that will be taken out gradually in the next few years.

School districts are facing many challenges, including less federal funding, increased competition, declining enrollment and inflating costs.

A 2024 Illinois law loosened school bond restrictions, allowing districts to authorize some debt without an election. That caused a backlash in one district.