School bonds

The Alpine School District deal will finance school buildings in a part of the district that will be split off into a separate entity in July 2027.

Downtown College Prep, a charter school operator in San Jose, defaulted on $34 million of municipal bonds, citing the area's dwindling number of children.

The ratings agency said fund balances had declined as a percent of operating revenues and are expected to decline further.

K-12 public schools get a $55 per-student increase in the state basic allotment, while other funding is allocated to specific purposes.

Civic Builders, a 23-year-old nonprofit charter school developer and financer, borrowed though the public municipal bond market for the first time.

May 6 brought disappointing results for two Midwest states with school bond referendums on ballots, as voters mostly rejected the issuances.

The DASNY program allows the schools to "align their borrowing costs with the aid that they receive from the state," said CEO Robert J. Rodriguez. 

The law Indiana Gov. Mike Braun signed earlier this month will make it harder for local governments and school districts to issue bonds.

Bills have been introduced to eliminate the May election option for local bond and tax propositions, forcing them onto the November general election ballot.

The commission also approved converting a GO bond sale from competitive to negotiated.

The Ohio House's proposed cap on school districts' carryover balances at 30% of their annual operating costs has drawn praise and criticism.

The Osceola School District sales tax revenue bonds got strong ratings despite the county's economy facing headwinds from a weakening tourism sector.

The Chicago Public Schools budget hangs in the balance as Trump's Department of Education targets diversity, equity and inclusion programming.

Districts most vulnerable to cuts in federal programs are those already struggling from enrollment declines and other challenges.

Alpine School District, which will be split into three systems, wants to sell up to $238 million of lease revenue bonds to finance school construction.

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.