California Lists 110 School Districts With Financial Troubles
SACRAMENTO (CBS/AP) – State education officials are reporting that about 30 percent of California students attend schools in 110 districts that are in serious financial trouble.
Nearly 2 million students are enrolled in the local educational agencies listed in the report released Monday by the California Department of Education. That’s down from the 126 listed last year.
Thirteen districts have negative certification, which means the state projects they will not meet their financial obligations in the current or next fiscal year.
Another 97 have qualified certification, which means the state believes they may not be able to pay their bills over the next two years.
State Superintendent Tom Torlakson said many more districts will be thrown into financial turmoil if the state does not extend temporary tax increases proposed by Gov. Jerry Brown.
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