Passing off $980M in School Debt for the Next Generation


Stockton (Calif.) Schools Test Muni Market After City Bankruptcy

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.

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Bond Would Address Houston Area Needs

Three southwest-area high schools could receive new buildings and another could get substantial renovations if voters approve a Houston school district bond package to go before voters in November.

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School Reform Commission Moves to Cover Deficit with $300M Loan

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.

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Judy Hartnett's picture

In Houston Multiple Bond Measures Could Confuse Voters

Houston voters may face a dizzying array of decisions in November as the city, school district and community college system seek authority to borrow more than $2 billion for construction work.

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People Watch

Courtney Williams's picture

Complaint: Arizona Students Were Told to Canvass

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.

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LA Unified Opens Most Expensive School Complex

LAUSD builds $578 million school complex.

Kentucky Opens its Largest School

Warren County (Ky.) Public Schools opened the state's largest school to address the district's growing size.