Report: More than 10 percent of California school districts are in financial trouble

03-22-2011

By Theresa Harrington/Contra Costa Times

Nearly 2 million California students attend school in financially troubled districts, according to a report released Monday by state schools Chief Tom Torlakson. "As disturbing as these numbers are," he said in a prepared statement, "unless the Legislature moves to place the governor's tax extension plan on the ballot, they are just the tip of the financial iceberg facing school districts up and down the state." Torlakson released interim status reports for California schools through October, which showed 13 districts -- including Hayward and John Swett in the East Bay -- with "negative" certifications, meaning they might not be able to pay their bills through the end of next year. Nearly 100 districts -- including the Emery, Oakland and Mt. Diablo districts in the East Bay -- filed "qualified" certifications, signaling that they may not meet their financial obligations through 2012-13. But three of the struggling districts were able to improve their budget outlooks in their second interim reports filed last week. (more...)

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Report: More than 10 percent of California school districts are in financial trouble

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