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's health obligation: $10 billion
- 01-19-2011
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By Connie Llanos/Los Angeles Daily News
If the Los Angeles Unified School District had to cover all of its long-term health care promises to current and past employees today, the tab would reach nearly $10 billion, district officials said Tuesday. A generous health benefits plan, coupled with skyrocketing medical costs, declining revenues and a growing population of retired employees, have caused the steady climb of health care expenditures at the school district over the last decade, officials said during a presentation to the school board. LAUSD Superintendent Ramon Cortines told the board that if the "astronomical" figure was not addressed as soon as possible, the district could be facing serious consequences. "If we don't address this, we won't have to worry about inadequate state funding bankrupting the district. ... This will bankrupt the district," Cortines said. Board member Yolie Flores called for the creation of a committee of local finance experts, employee union representatives and business leaders to look at ways to address the debt load as well. (more…)
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