Denver City & County S.D. 1, CO: Terms of teacher strike settlement to have minimal credit impact on Denver Public Schools

Source: Denise Rappmund, Gera M. McGuire, Alexandra S. Parker, Moody’s, Issuer Comment, February 20, 2019
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The agreement, which ended a three-day strike, calls for a $23 million bump in teacher compensation, which equates to 2% of the district’s fiscal 2018 budget. Despite lackluster growth in state aid, the district’s credit profile continues to improve with in-migration, a highly educated workforce and a rapidly expanding tax base….