Another warning about expanding charters

Note that Standard and Poor's has now joined Moody's in warning of the dangers of continued charter school growth to municipal finances.

"Even within the confines of the existing cap, if not managed effectively in the future, charter school expansion may serve as a credit pressure," S&P analysts wrote. "This is particularly true in municipalities that have a limited capacity to cut expenditures and where demand for charter schools is high."

At some point, the state is going to have to acknowledge the impact on districts and on municipalities as something of concern.