Funding issues delay City of St. George school district creation bill
Senate Bills 25 and 234, authored by Sen. Rick Edmonds and Rep. Emily Chenevert, seek to allow St. George to break away and form its own school district. The board said it doesn't oppose voters having a say. However, members worry that the current bills would put 'unfair burdens' on the school system.
At the heart of the board's opposition is a $360 million unfunded liability for retiree health and life insurance benefits. The resolution states that SB 234 doesn't clearly explain how to manage this debt if the new district forms. This leaves EBRPSS with all the financial responsibility.
The resolution also criticizes a part of SB 234. This part would let students from the new St. George district access EBR magnet programs forever. Board members say this would reduce chances for EBR students. Many magnet programs already have long waiting lists.
In the resolution, the board said this bill would lock in an unequal system and take control away from both districts. It passed during a special meeting Monday night.
On Tuesday, Edmonds asked the House Education Committee to temporarily defer consideration of SB 234.
SB 25, which passed 8-2 in committee, suggests a constitutional change to fund the new district. However, the board wants lawmakers to delay both bills until they amend SB 234 to address their concerns.
The resolution tells the board's general counsel to send copies to all members of the East Baton Rouge legislative delegation as the bills go to debate in the House.
Lifeguard shortage delays opening of Liberty Lagoon
New Hampshire bakery wins free speech case over a painting of doughnuts, pastries
NOAA predicts above average 2025 hurricane season: How many storms US could see
Baton Rouge youth choir talks about going viral, new album releasing this summer
SCHEDULE | Race day for the Indianapolis 500
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
2 days ago
- Business Wire
FiscalNote Closes Previously Announced Balance Sheet Realignment
WASHINGTON--(BUSINESS WIRE)-- FiscalNote Holdings, Inc. (NYSE: NOTE), the leading provider of AI-driven policy and regulatory intelligence solutions, today announced it has closed the previously announced series of transactions to refinance its senior debt and restructure substantially all of its subordinated debt. The closed transactions provide the Company with a clear, long-term runway and increased operating flexibility as it executes its product-led growth strategy. In light of the timing of these transactions, there are a few customary, additional disclosures required in the Company's Q2 2025 Form 10-Q filing. Accordingly, the Company plans to file a Form 12b-25 to extend the filing deadline for the Form 10-Q to August 18, enabling time to finalize the additional disclosures. Safe Harbor Statement Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or FiscalNote's future financial or operating performance. For example, statements regarding FiscalNote's financial outlook for future periods, expectations regarding profitability, capital resources and anticipated growth in the industry in which FiscalNote operates are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'pro forma,' 'may,' 'should,' 'could,' 'might,' 'plan,' 'possible,' 'project,' 'strive,' 'budget,' 'forecast,' 'expect,' 'intend,' 'will,' 'estimate,' 'anticipate,' 'believe,' 'predict,' 'potential' or 'continue,' or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may impact such forward-looking statements include: concentration of revenues from U.S. government agencies, changes in the U.S. government spending priorities, dependence on winning or renewing U.S. government contracts, delay, disruption or unavailability of funding on U.S. government contracts, and the U.S. government's right to modify, delay, curtail or terminate contracts; FiscalNote's ability to successfully execute on its strategy to achieve and sustain organic growth through a focus on its core Policy business, including risks to FiscalNote's ability to develop, enhance, and integrate its existing platforms, products, and services, bring highly useful, reliable, secure and innovative products, product features and services to market, attract new customers, retain existing customers, expand its products and service offerings with existing customers, expand into geographic markets or identify other opportunities for growth; FiscalNote's future capital requirements, as well as its ability to service its repayment obligations and maintain compliance with covenants and restrictions under its existing debt agreements; demand for FiscalNote's services and the drivers of that demand; the impact of cost reduction initiatives undertaken by FiscalNote; risks associated with international operations, including compliance complexity and costs, increased exposure to fluctuations in currency exchange rates, political, social and economic instability, and supply chain disruptions; FiscalNote's ability to introduce new features, integrations, capabilities, and enhancements to its products and services, as well as obtain and maintain accurate, comprehensive, or reliable data to support its products and services; FiscalNote's reliance on third-party systems and data, its ability to integrate such systems and data with its solutions and its potential inability to continue to support integration; FiscalNote's ability to maintain and improve its methods and technologies, and anticipate new methods or technologies, for data collection, organization, and analysis to support its products and services; potential technical disruptions, cyberattacks, security, privacy or data breaches or other technical or security incidents that affect FiscalNote's networks or systems or those of its service providers; competition and competitive pressures in the markets in which FiscalNote operates, including larger well-funded companies shifting their existing business models to become more competitive with FiscalNote; FiscalNote's ability to comply with laws and regulations in connection with selling products and services to U.S. and foreign governments and other highly regulated industries; FiscalNote's ability to retain or recruit key personnel; FiscalNote's ability to adapt its products and services for changes in laws and regulations or public perception, or changes in the enforcement of such laws, relating to artificial intelligence, machine learning, data privacy and government contracts; adverse general economic and market conditions reducing spending on our products and services; the outcome of any known and unknown litigation and regulatory proceedings; FiscalNote's ability to maintain public company-quality internal control over financial reporting; and FiscalNote's ability to protect and maintain its brands and other intellectual property rights. These and other important factors discussed in FiscalNote's SEC filings, including its most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by FiscalNote and its management, are inherently uncertain. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place reliance on forward-looking statements, which speak only as of the date they are made. FiscalNote undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. About FiscalNote FiscalNote (NYSE: NOTE) is the leading provider of AI-driven policy and regulatory intelligence solutions. By uniquely combining proprietary AI technology, comprehensive data, and decades of trusted analysis, FiscalNote helps customers efficiently manage political and business risk. Since 2013, FiscalNote has pioneered solutions that deliver critical insights, enabling effective decision making and giving organizations the competitive edge they need. Home to PolicyNote, CQ, Roll Call, VoterVoice, and many other industry-leading products and brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, and Asia. To learn more about FiscalNote and its suite of solutions, visit and follow @FiscalNote. MGG Investment Group provides flexible capital solutions to middle-market companies across all industries. We strive to build lasting value, address immediate needs, and solve complex situations to provide our LPs with superior risk-adjusted returns. Our extensive network and relationships provide us with a plethora of sourcing that enables us to be patient and maintain investing discipline across the capital structure and in all market environments.


Business Insider
3 days ago
- Business Insider
'No Talks are Scheduled': Boeing Stock (NYSE:BA) Slides as It Takes a Hard Line on Negotiations
Stop me if any of this sounds familiar. Aerospace stock Boeing (BA) is currently facing a new strike, and it has no talks scheduled with the strikers. It has also pulled a signing bonus off the table altogether. If it sounds like Boeing is trying to take the same hard line that it took in Seattle, then there may be a reason. But Boeing investors were not that happy about Boeing attempting to crush the strikers, and sent shares down modestly in Monday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Not only did Boeing declare that there were no talks scheduled with striking machinists, it also noted that the previous contract offer is still in place, less the $5,000 signing bonus. The bonus, Boeing noted, was only available if they ratified the contract by August 3 at 11:59 p.m. Since they did not, the bonus was removed. The St. Louis strikers objected to the $5,000 signing bonus, noting that strikers on the West Coast managed to land a $12,000 ratification bonus when they signed their agreements. Even non-union Boeing employees managed to get a $12,000 retention bonus as well as an extra 9% in their paychecks. So for St. Louis to stretch out the strike, in view of that, makes sense. However, Boeing noted that production is actually still in progress on several major releases, including Joint Direct Attack Munitions. Ground testing on the MQ-25 and flight testing on the T-7 are both still in progress as well, with Boeing's 'non-striking workforce' still in full swing. Return of the Globemaster Meanwhile, reports note that the C-17 Globemaster is potentially poised to make a comeback. It was a major part of military operations as far back as the 1990s, capable of carrying huge payloads and making landings on very short runways, making it a vital part of ferrying cargo from one place to another. While budget cuts and declining demand meant the end of the C-17, reports noted that demand is starting to pick up again for a plane that can handle large amounts of cargo landing in rough terrain. This is making some at Boeing consider once more getting the Globemaster up and running again before a replacement can be set up. And, reports note, other countries are starting to look at the Globemaster line, as they were not able to get orders in before production shut down over 10 years ago. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 19 Buys and three Holds assigned in the past three months, as indicated by the graphic below. After a 39.6% rally in its share price over the past year, the average BA price target of $256 per share implies 13.27% upside potential.
Yahoo
6 days ago
- Yahoo
Centrais Eletricas Brasileiras SA (EBR) Q2 2025 Earnings Call Highlights: Strategic Growth ...
Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Centrais Eletricas Brasileiras SA (NYSE:EBR) announced a significant dividend payout of 4 billion BRL, reflecting improved financial stability. The company successfully reduced its compulsory debts from 20 billion BRL to under 12 billion BRL, showcasing effective liability management. Investments increased by 116% compared to the first quarter of 2025, indicating a strong focus on growth and infrastructure improvements. The completion of the Ponchilla Negra wind farm and the upcoming delivery of the Manaus Bovista connection highlight progress in renewable energy projects. EBR's energy trading strategy resulted in a 1.6 billion BRL contribution margin in the second quarter, demonstrating effective market positioning. Negative Points The company reported a loss of 1.3 billion BRL, primarily due to regulatory remeasurement of transmission contracts. There was a drop in transmission revenue, which was only partially offset by increased generation margins. The energy market liquidity for 2026 and 2027 is expected to be volatile, posing potential challenges for future trading strategies. Despite cost reductions, the company faced challenges in employee management, with a reduction in workforce but significant new hires. The GSF (Generation Scaling Factor) scenario remains challenging, potentially impacting the company's ability to fully capitalize on higher energy prices. Q & A Highlights Warning! GuruFocus has detected 10 Warning Signs with EBR. Q: Can you provide more details on your trading strategy for the second quarter and the expected recurring CapEx for improvements in the next quarter? A: (Italo Freitass, VP of Trade and Energy Solutions) Our trading strategy involves distributed teams across regions focusing on finding clients that add value. We analyze our portfolio to maximize revenue. (Elie Wolf, VP of Strategy and Business Development) Regarding CapEx, we are investing significantly in our assets, with a focus on resilience and returns. We expect to execute around BRL 4.5 billion in 2025, with continued growth anticipated. Q: Have you concluded the internal process to accelerate investments in reinforcements and improvements? Also, should we be aware of any differences between IFRS and regulatory models? A: (Robson Pinero de Campos, VP of Expansion Engineering) Our process for identifying and executing investments is robust and aligned. We have improved significantly in the second quarter. Regarding IFRS and regulatory differences, adjustments are mainly eliminations between revenue and cost among companies, with nothing noteworthy to highlight. Q: What returns do you expect from investments in reinforcements and improvements, and how is liquidity in the energy market affecting your strategy? A: (Eduardo Hayama, VP of Finance and Investor Relations) Returns on regulated investments can vary, but historically, regulations have been constructive. We constantly analyze parameters to ensure alignment. (Rodrigo Limp, VP of Regulation, Institutional and Markets) Liquidity is improving, especially in the Southeast, and our strategy involves strengthening sales in the north and northeast to capitalize on energy price increases. Q: What is the company's focus for the future, and will there be changes in the dividend payout strategy? A: (Ivan de Souza Monteros, CEO) Our focus is on consolidating initiatives and providing predictable dividends. We are past the turnaround phase and are looking at medium to long-term growth opportunities, including M&A and auctions. We aim to make frequent dividend payments, supported by improved processes and technology integration. Q: How are you managing the longer position for the second half of the year given the challenging GSF scenario, and what is your strategy for selling your portfolio? A: (Eduardo Hayama, VP of Finance and Investor Relations) We concentrated sales in the first quarter to mitigate risks, and our strategy for the second half involves managing GSF and price scenarios. (Ivan de Souza Monteros, CEO) Our focus is on expanding our client base and using partnerships to allocate energy effectively, ensuring we maximize value for the company. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data