Submitted by ANGELA PASCOPELLA on Thu, 10/11/2012 - 1:29pm
The public school district that serves Stockton, California, which became the biggest U.S. city to enter bankruptcy in June, plans to issue $45 million in debt as soon as next week in its first sale since the municipality sought Chapter 9 protection.
Submitted by Lynn Russo Whylly on Mon, 09/17/2012 - 4:42pm
The Philadelphia School Reform Commission moved Monday to borrow $300 million to bridge a massive deficit, emphasizing the bond deal will probably be the district's last for several years. In a brief, sober meeting, the commission approved a tough five-year financial plan for the district as a prelude to the bond sale to cover a deficit of more than $200 million in the current $2.5 billion budget, as well as a shortfall anticipated in the fiscal year that begins next July 1.
Submitted by Courtney Williams on Sun, 10/30/2011 - 5:54pm
The state attorney general has been asked to investigate allegations that Sunnyside High School athletes were told to report for a weekend practice, in uniform, then directed to pass out literature in support of the district's upcoming bond and override election.