Slowing revenue, pressure on student enrollments and rising costs have combined to lead the rating agency Moody’s to issue a negative outlook for K-12 public schools in 2025. School districts in Cape May County are not likely to prove the agency wrong.From fiscal year 2018 to fiscal year 2025, the county’s school districts have lost more than $23.5 million in state aid. Aid levels on average are now 36% less than they were in fiscal year 2018.