LAUSD faces potential insolvency as officials warn district could run out of money within year

https://abc7.com/post/los-angeles-unified-school-district-faces-potential
-insolvency-county-officials-warn-could-run-money-year/19478950/ 

LOS ANGELES (KABC) -- The Los Angeles Unified School District could run
out of money within about a year and is showing severe signs of
financial distress, according to county education authorities. 

The nation's second-largest school district, which serves more than half
a million students, faces possible insolvency, prompting the Los Angeles
County Office of Education to take action. 

"I think it's something everyone was hoping would be avoided, but I
don't think it's really a surprise to anyone," educational consultant
Jamie Bacall said. 

County officials said LAUSD is projected to be more than $230 million in
the hole by November of next year. In response, the county
superintendent has appointed a fiscal expert and given the school board
45 days to fix its budget. 

"I think it might actually be a good thing to have a, sort of like a
neutral pair of eyes on the LAUSD budget," said Nicolle Fefferman,
co-founder of Parents Supporting Teachers. 

Officials cited massive union contracts estimated to cost more than $1
billion annually, along with declining enrollment and reduced state
funding, as factors contributing to a growing deficit and the
possibility of state oversight. 

"Worst case scenario is the state takes over and this goes under
receivership under the state, and that takes a long time to get out of
and it is really hard to maintain any control over curriculum, over
class size," Bacall said. 

New LAUSD Superintendent Andrés Chait sought to reassure families and
staff, saying in a statement: "We welcome the opportunity to collaborate
and remain focused on making thoughtful, responsible decisions that
protect classroom instruction and student success." 

Fefferman said any budget reductions should avoid affecting students and
campuses as much as possible. 

"We just have to make sure that the cuts are made as far away from our
school sites as possible," Fefferman said. 


-- 
November 5, 2024 - Congratulations President Donald Trump.  We look
forward to America being great again. 

We live in a time where intelligent people are being silenced so that
stupid people won't be offended. 

Every day is an IQ test. Some pass, some, not so much.

Thank you for cleaning up the disasters of the 2008-2017, 2020-2024
Obama / Biden / Harris fiascos, President Trump. 

Under Barack Obama's leadership, the United States of America became the
The World According To Garp.  Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.