Not what you want to see during a financial crisis:
A credit rating agency has changed its outlook for Chicago Public Schools bonds from stable to negative because of the district's troubled financial situation.
Fitch Rating, with headquarters in both New York and London, said the district's financial challenges in 2014 when CPS will face $338 million in back pension payments is leading to the negative outlook.
That means higher borrowing costs and lower yields on bonds.
And that means CPS will jack up their portion of the property taxes the limit again.
Didn't Michigan citizens sue to decouple the school funding from property taxes a few years ago? We know there are states out there that don't fund schools this way and we don't hear about them being the worst in the nation.