Wednesday, May 23, 2012

Record Number of California School Districts Face Bankruptcy

A record number of California school districts face bankruptcy, state schools’ chief Tom Torlakson announced Monday. The Los Angeles Times reported this week that 12 school districts, mostly in northern California, are currently on the verge of financial failure, while an additional 176 school districts are at risk. And the problem could worsen if Gov. Brown’s tax initiative fails in November. Only 53 of the state’s school districts are in sound financial health.

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