School bonds

President Trump's bid to close the Department of Education could put added pressure on some charter school credits, muni market sources said.

The Chicago Public Schools ended the week no closer than it started to answering the question of how or if a scheduled pension payment will be made.

A bondholder group is negotiating with the school, which continues to operate.

Gov. Josh Stein said in his State of the State address too many schools are overcrowded or decrepit.

State Treasuer Brad Briner said he hopes a longer maximum maturity will lead more borrowers to use the state conduit instead of the Public Finance Authority.

The planned fiscal 2026 increase in bonding is expected to continue for several years.

The Pasadena Unified School District plans to eliminate 151 full-time employees, including 115 teachers, as it struggles with the fallout from the Eaton Fire.

Issuers in the eight-state region sold $103.3 billion of bonds last year, with Texas deals accounting for $68.13 billion of the debt.

Moody's is the latest rating agency to warn about a budget squeeze for Texas schools, which have been prolific issuers of voter-approved bonds in recent years.

The South San Antonio Independent School District, which has had a state conservator, will now get a state-appointed board of managers and superintendent.