“A national credit rating firm reported Friday adoption in Kansas of a block-grant system for financing public schools to be a ‘negative’ development worthy of scrutiny by investors.
“Moody’s Investor Service in New York theorized repeal by the 2015 Legislature and Gov. Sam Brownback of the state’s traditional funding mechanism for K-12 schools could disadvantage growing districts because state financing wouldn’t completely take into account expansion of student enrollment…
“Bond ratings are used to identify a level of risk associated with investing. Better ratings can command lower interest rates for a school district or government entity issuing bonds.”
Read more here: http://cjonline.com/news/state/2015-10-02/credit-rating-firm-casts-negative-light-kansas-school-block-grants