Facing deep cuts, more schools make fiscal 'watch list'
Blog by Corey G. Johnson/California Watch
The number of California school districts in financial trouble is on the rise. State Superintendent of Public Instruction Jack O'Connell has announced that 126 districts were on the state's fiscal "watch list" - a whooping 17 percent increase from last June. In 2006-07, there were only three districts on the "negative certification" list - at risk of not paying their bills. And 19 districts were on the "qualified certification" watch list - with finances bad enough to be concerned, according to the Department of Education. As of last month, 12 districts were on the negative certification list and 114 districts had a qualified certification status. Nine districts in the East Bay - approximately 25 percent of schools in the area - 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, according to the Contra Costa Times. (more...)