Key Takeaways
- The COVID-19 Economic Relief Bill provides approximately 4x the amount of aid to schools that was provided in the CARES Act, providing some stabilization for local school districts’ credit quality.
- We view the permissible uses of the additional aid to be flexible.
- Some of the benefit to schools could be offset by state aid cuts, given that state and local governments have yet to receive any direct aid to offset revenue loss.
21 Jan, 2021