Schools brace for a cliff as stimulus money peters out
By Emily Alpert/Voice of San Diego
Millions of stimulus dollars that helped school districts across San Diego County survive this year and patch together their budgets for next year are drying up next summer, leaving districts that relied on the money to pay teachers or other employees fending off deficits as deep as before. It is a new, if predictable, threat. Financial wonks call it "the funding cliff" -- and school districts are now headed straight toward it. "The reality is, all the stimulus did was save us for a few years," said Dianne Russo, chief financial officer for the Sweetwater Union High School District. (more...)