School bonds

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.

A charter school in San Antonio is expected to close at the end of the year, jeopardizing $25 million of municipal bonds the institution borrowed in 2022.

Texas officials are eying ways to protect a massive state-funded school property tax cut from being eroded by local bond issues and tax increases.

Charter schools drove the worst January ever for impairments since Municipal Market Analytics began tracking default trends, the firm said in a Feb. 5 report.

As Chicago Public Schools tries to get its fiscal house in order, it faces management turmoil, risks to federal funding and threatened immigration raids.

The high court agreed to review a June Oklahoma Supreme Court ruling that found state funding for a Catholic virtual charter school violates the constitution.

The Local Government Commission needs to approve the proposed competitive sale.

Public school districts sought bond authorizations in January totaling $469 million, which topped an available state cap of $293.4 million.

The rating agency said the district's strong management helped boost its ratings ahead of an $806 million bond issuance slated for Jan. 22.

Prolific debt issuance by Texas school districts, state issuers, and others drove muni volume to a state record in 2024, easily surpassing 2023's $59 billion.

A new law and constitutional amendment will restrict how fast property tax bills can rise on homestead properties, impacting local governments.

The Chicago Board of Education unanimously approved the firing of Chicago Public Schools CEO Pedro Martinez late Friday during a heated special meeting.

Voters in November approved measures to split the Alpine School District, which has more than $500 million of outstanding bonds, into three systems.

S&P Global Ratings released a report this week warning that the credit trajectory of the Chicago Board of Education will hinge on several contested factors.

Some Midwest states, notably Michigan and Ohio, dipped well below a national average that saw roughly two of every three school bond measures approved in November.

Voters approved at least 168 local school bond measures for $42.8 billion, according to preliminary tallies, but dozens of bond requests will fall short.