School bonds

Escalating costs, particularly for wages, could strain budgets or drain reserves, the rating agency said.

The Board of Education approved a fiscal 2024 budget amid warnings about the need for more state help to manage a gap of up to $700 million in fiscal 2026.

As the Republican-controlled state House and Senate remain divided on how to deliver a historic tax cut, the governor vetoed dozens of bills to pressure lawmakers.

The nonprofit, which provides low-interest loans to public charter schools, aims to offer another $3 billion in loans by 2030 and price more bonds in August.

CPS expects to close the current fiscal year with a clean slate on short-term borrowing for a second year in a row but it will still rely on TANs to manage liquidity throughout the next fiscal year.

California senators approved a school bond measure that supporters say could help reduce the state's $117 billion in school construction needs.

Amid rising construction costs and supply chain shortfalls, some California school bond projects are being redesigned, accelerated or delayed.

A change by the IRS increases the Permanent School Fund's capacity by nearly 86%, allowing its triple-A school bond guarantee to be widely available again.

UBS will compensate a Texas school district, which was forced to resell bonds after the state attorney general rejected the investment bank's contract to purchase the debt.

A proposed IRS regulation boosts the amount of bonds that can be guaranteed by nearly 86% to about $218 billion.

Sale of the tax-exempt notes is expected on May 9 and proceeds will support improvements to educational technology in school's statewide.

Public school districts account for most of the bonds on ballots as some need to finance new facilities to accommodate rising enrollment.

Indianapolis Public Schools wants $410 million for projects throughout the district with 23 schools in line for improvements.

The state's record per-pupil spending counteracts concerns over enrollment declines.

After falling to just $26.6 million in December, state officials lowered the program's reserves effective March 1 to boost capacity.

Headwinds remain, despite the S&P upgrade, as the district warns of a $600 million gap once federal COVID-19 aid runs out with its governance poised to change.

Tioga Independent School District, located north of Dallas, has a state-appointed monitor to develop and implement "a corrective action plan."

Redwood City-based Summit Public Schools had its bond rating downgraded to Ba3 from Baa3 by Moody's and its outlook revised to negative.

The school district's AA-plus rating is supported by strong reserves and Houston's economic strength, S&P Global Ratings analysts said.

The Texas Education Agency, which initially sought the takeover in 2019, will appoint managers to run the state's largest public school system.