History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
SD Unified hit with another credit rating drop
- 11-03-2011
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By Maureen Magee and Michael Smolens/San Diego Union-Tribune
San Diego Unified School District’s long-term credit rating has been downgraded by a second rating firm, raising the prospect of increased borrowing costs for a district already facing severe financial problems. Standard & Poor’s Rating Services lowered Unified’s general obligation bonds to AA- from AA. The service said the district’s outlook is negative. Just last Thursday, Moody’s Investor Service issued a downgrade for Unified’s long-term borrowing. Standard & Poor’s cited Unified budget problems and future employee pay raises among the reasons for the action. (more...)
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