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
Fewer districts say they’re in trouble
- 01-19-2011
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Blog by John Fensterwald/Educated Guess
Ten school districts have acknowledged that they’re headed toward insolvency this year or next. An additional 91 districts say they won’t be able to make ends meet two years from now, based on current projections. The combination represents about 10 percent of the state’s school districts. It’s preliminary and may rise after county offices of education review districts’ financials over the next month. But the totals are lower than the 174 districts that last spring said they were headed for fiscal trouble. That’s surprising to Joel Montero, CEO of Fiscal Crisis and Management Assistance Team (FCMAT), the state agency that straightens out districts’ financial messes. He told district administrators last week at School Services of California’s annual budget outlook presentation in Sacramento that he assumed more districts would file negative self-certifications, indicating impending financial trouble. (more…)
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