About one-quarter of East Bay school districts are on the state's "watch list" for insolvency

04-01-2010

By Theresa Harrington/Contra Costa Times

Nine East Bay school districts are on the state's "watch list" for insolvency because they will be unable to balance their budgets in the next three years without substantial cuts. Two districts — Hayward in Alameda County and John Swett in Contra Costa County — are in such bad financial shape that they will not be able to pay all their bills this year or next year without drastic cuts. Both districts filed "negative" budget reports in December and March, showing that they have been unable to dig themselves out of financial holes that were apparent months ago. They are working with county-appointed fiscal advisers who have veto power over expenditures to identify cuts that will enable them to remain solvent. The advisers have frozen Hayward's nonessential expenditures, board President Paul Frumkin said. (more...)

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About one-quarter of East Bay school districts are on the state's "watch list" for insolvency

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