History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
LAUSD downsizes new borrowing
- 10-27-2010
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By Connie Llanos/Los Angeles Daily News
Los Angeles Unified officials Tuesday unanimously voted to scale down a new round of borrowing for facilities projects, approving only $125 million in new loans while also delaying up to 1,000 planned campus upgrades. The school board had originally planned to borrow $320 million for projects that included relocating a school police station and computer system upgrades. But facing bleak budget forecasts and still weeks away from approving a new master plan, the board downsized the loan and postponed up to 1,000 already-approved modernization projects at least until future bond revenues come in, expected no earlier than 2014. LAUSD Chief Facilities Executive James Sohn said when the borrowing proposal was first brought to the board in the spring, the district still hadn't examined its entire modernization plan. (more…)
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