Capital Fax, August 17, 2017

After Bruce Rauner’s school funding veto caused the state to miss its first payment to public schools across the state, Moody’s warns that dozens of schools may see “deteriorated credit within months.” The ratings agency says Rauner’s failure on school funding leaves public schools with a “credit negative” outlook, meaning downgrades could be right around the corner starting with low-income and high-poverty districts.

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