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  "documentTitle": "PowerSchool Holdings, Inc. (PWSC)",
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      "text": "Several districts have already projected sizable budget deficits for their 2024-25 school year. We see this as a leading indicator that K-12 vendors like PowerSchool should expect pressure during this period as district leaders pull strings to close the gap.",
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      "text": "Source: Georgetown University data",
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      "text": "District forecast shows sizable gap: Akron 6%, Atlanta 3%, Boise 9%, Chicago 6%, Cleveland 11.3%, Hartford 5.8%, Houston 12.6%, Long Beach 5.6%, Los Angeles 6.3%, Madison 8%, Milwaukee 8.9%, Minneapolis 20%, NYC 8%, Sacramento 2.1%, San Diego 16.5%, Seattle 11.4%, Spokane 6%, U-46 3.2%",
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      "text": "School District Deficits Projected To Grow",
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