Moody Warns HB 7069 Could Downgrade District Credit Ratings

It is no surprise that taking money away from district public schools and giving it to privately owned charters is a credit negative. Moody Corporation has long reported credit ratings for many companies. Now it warns that district financial ratings will decrease because they will have less money to pay for loans to support school facilities. This is serious. It means that the loans districts do receive will cost more. Interest rates will be higher. What is our legislature doing to our tax payers and our public schools.

You can find the rating by doing a Google Search for the News4Jax article on June 22, 2017

Posted in Charter Schools, Facilities, Florida, Florida House, Funding.

3 Comments

  1. Of course they understand the financial, and other, ramifications of their actions. You don’t believe their priority is students and schools?

  2. Passage of HB 7069 is another negative impact on our school system. When does it stop? Will the legislators ever understand the financial ramifications of their actions?

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