Dozens of Pa. school districts face tougher time borrowing after budget impasse

Dozens of Pennsylvania's most distressed school districts are finding it harder to borrow money in the wake of the state's historically protracted budget impasse.

In December, as lawmakers entered a sixth month without a state budget, S&P global withdrew its rating of Pennsylvania's "intercept" program, through which the state guarantees loans for school districts that don't have high credit ratings.

http://www.newsworks.org/index.php/local/item/94167-dozens-of-pa-school-districts-face-tougher-time-borrowing-after-budget-impasse