Schools Lean on Reserves as Financial Pressure Grows

Talk a little bit about the impacts of these fiscal pressures, Erin. Yeah, So the impact is it's starting to affect school districts, credit ratings we're seeing. So S&P global ratings recently came out with a report that showed that it's taken negative ratings and it's negative rating.Action has jumped 40% from 2024 to 2025. So the pressures are really starting to trickle down, and that makes it more expensive for these schools to borrow. And how does that affect the bond market very quickly.Yeah. So inves ...