This article from Bond Buyer is behind a paywall. The gist of it is in the headline and summary. The expansion of charters “is a credit negative” and causes districts to pay a higher rate for their bonds, thus leaving the district less money to support public schools. If anyone has a subscription, please send the rest of the article.
http://www.bondbuyer.com/news/regionalnews/moodys-charter-school-expansion-credit-negative-for-lausd-1067623-1.html

 

Moody’s: Charter School Expansion Credit Negative for LAUSD
BY KEELEY WEBSTER
NOV 3, 2014 10:05pm 
Charter school giant KIPP School’s announcement that it would more than double its Los Angeles enrolment by 2020 is a credit negative for Los Angeles Unified School District, according to Moody’s Investors Service.
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Philadelphia was warned about its bond rating by Moody’s.

 

 

With San Antonio ISD anticipating school closures, Austin ISD enrollment down, how soon will Moody’s downrate their bond ratings?

 

Aside from directly sapping funds from public education, now we see another cost of charter schools to taxpayers.