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Federal COVID relief props up CPS proposed budget

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.

United statesCook countyYing huangBrandon johnsonBernhard moos elementary schoolFitch ratingsKroll bond rating agencyMoody investors serviceChicago public schoolChicago teacher unionChicago mayor brandon johnsonMoos elementary schoolChicago public schoolsAmerican relief plan actDecember consolidated appropriationsEducational facilities master

California school bond measure passes Senate, headed to Assembly

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

United statesLong beachAssemblymember patrick odonnellMike fongLori wilsonSteven glazerAssemblymembers al muratsuchiOffice of public school constructionAssembly education committeeCalifornia state senatePublic policy institute of californiaBoard of trusteesPatricko donnellD long beachPublic policy institutePublic school construction

Inflation forces California school construction managers to get creative

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

San diegoUnited statesGavin newsomLee dulgeroffSteve glazerAdam bauerBlake boehmMark youngCalifornia department of educationPublic policy institute of californiaRolapp associatesCrawford high schoolSan diego unified school districtDiego unified school districtPublic policy instituteCalifornia department

Texas school bond guarantee now widely available after IRS action

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.

United statesIndependent schoolDebbie cabreraKeven ellisAnthony tosieLloyd doggettEduardo ramosJohn martinBryan guinnRevenue serviceFitch ratingsSchool districtMoody investors serviceTexas education agencyPermanent school fundKroll bond rating agency

Texas school bond guarantee program capacity increased by IRS

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

United statesLloyd doggettPermanent school fundRevenue serviceTexas education agencyTexas permanent school fundInternal revenue serviceTexas democratSchool bondsState of texasPublic finance

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