School bonds

The San Diego Community College District is among those joining the trend of buying back bonds in a tender to refund for savings.

Texas bond volume climbed 22.5% to lead the nation in a year when issuance in the eight-state Southwest region increased by only 0.6%.

The number of distressed charter schools rose to a record in the beginning of 2024 as the sector struggles with the end of pandemic assistance and rising costs.

The governor proposed state funding for schools to slow the rise in property taxes. His Idaho Works program would provide $50 million toward $800 million in bonds to pay for water and transportation projects.

Three districts are under Washington's state fiscal oversight and the largest, Marysville School District, took a multi-notch Moody's bond rating downgrade.

Municipal bond issuance in the Lone Star State totaled $59 billion in 2023, spurred by utility rate securitizations and school bonds.

Michigan is paying down debts of six local school districts – two of which have closed or merged with neighbors – including outstanding bond balances.

The $250 million of new money social bonds will finance public school construction projects, with another $190 million refunding debt issued to build schools.

The outlook revision from negative comes as the school system prepares to tap more of its record $2.44 billion of voter-approved bond authorization next year.

Proceeds from the social bond issue will go to support high-performing public charter schools across the United States and promote educational equity.

The constitutional amendment removes a special debt limit placed on small city school districts; now they will be treated the same as other school districts.

Teacher shortages and enrollment declines due to growing charter and private schools are two of the problems affecting school financing.

Nevada state officials have partnered with two companies that specialize in working with charter schools to create a $100 million revolving loan fund to build schools and refund existing high-interest debt.

School districts and local governments may only hold bond elections once a year now, in November. They also face new state-imposed revenue limits.

The school district plans to price $670 million in a combined new money-refunding deal next week.

Since the COVID-19 pandemic Gretchen Sherwood has co-lead Nixon Peabody's Project Finance and Public Finance practice groups' 50 member bi-weekly team calls.

Increasing private school enrollment has little to do with falling California public school enrollment, according to the Public Policy Institute of California.

Recent laws extend the statute of limitations for child sexual abuse victims to file civil claims, impacting California school districts and counties.

Moody's boost to Aa1 to the Desert Community College District affects more than half a billion dollars of general obligation debt.

Treasurer Dale Folwell said the law protects retirees' money from being used for what he called Wall Street's "wacktivist" agenda.