REPORT: Los Angeles Unified School District Facing Financial Insolvency, Could Run Out of Money in a Year

This post was originally published on this site

Downtown Los Angeles – Screencap of YouTube video.

Public schools in the city of Los Angeles face the prospect of financial insolvency and could run out of money within a year, according to a recent analysis.

Do you think this problem will be solved by another term for Mayor Karen Bass or a first term for Democratic Socialist (communist) Nithya Raman?

What percentage of students served by the school district do you suppose are in the country illegally? A third? Half?

ABC 7 in Los Angeles reports:

The Los Angeles Unified School District could run out of money within about a year and is showing severe signs of financial distress, according to county education authorities.

The nation’s second-largest school district, which serves more than half a million students, faces possible insolvency, prompting the Los Angeles County Office of Education to take action.

“I think it’s something everyone was hoping would be avoided, but I don’t think it’s really a surprise to anyone,” educational consultant Jamie Bacall said.

County officials said LAUSD is projected to be more than $230 million in the hole by November of next year. In response, the county superintendent has appointed a fiscal expert and given the school board 45 days to fix its budget.

“I think it might actually be a good thing to have a, sort of like a neutral pair of eyes on the LAUSD budget,” said Nicolle Fefferman, co-founder of Parents Supporting Teachers.

Officials cited massive union contracts estimated to cost more than $1 billion annually, along with declining enrollment and reduced state funding, as factors contributing to a growing deficit and the possibility of state oversight.

“Worst case scenario is the state takes over and this goes under receivership under the state, and that takes a long time to get out of and it is really hard to maintain any control over curriculum, over class size,” Bacall said.

Maybe they need to lay off some of the massive administrative staff.

They could also cut stuff like this.

Our entire education system needs a massive overhaul.

The post REPORT: Los Angeles Unified School District Facing Financial Insolvency, Could Run Out of Money in a Year appeared first on The Gateway Pundit.

Scroll to Top