Experts warn the Los Angeles Unified School District is at high risk of insolvency. Declining enrollment and increased spending on collective bargaining and special education contribute to a significant cash shortfall. Potential consequences include layoffs, furloughs, and school consolidations. The district has a fiscal stabilization plan and is working to meet conditions for its budget approval. Tough decisions are anticipated as the district navigates these financial challenges.
Los Angeles, California
https://edsource.org/lausd-faces-high-risk-of-insolvency-experts-warn