https://edsource.org/2019/californias-school-funding-flaws-make-it-more-difficult-for-districts-to-meet-teacher-demands/608824
Oakland is not the only district that is looking for more assistance from Sacramento. Despite Los Angeles teachers reaching an agreement with the district after a week-long strike, it is hard to imagine how Los Angeles Unified will be able to make good on what it promised at the bargaining table without additional support from the state.
A report as sobering as the Oakland fact-finding report came from L.A. County Superintendent of Schools Debra Duardo after examining the agreement with United Teachers LA.
The agreement, she implied, has put the district at financial risk. “Using one-time funding sources, such as reserves, to cover ongoing salary expenditures is a key indicator of risk for potential insolvency,” she reported in her report, also required by state law.
She pointed out that L.A. Unified is projecting a deficit of over $500 million in three years, “which has yet to be addressed.” Unless the district does so, she threatened to label the district as no longer being a “going concern,” the dreaded accounting term indicating that an organization or business does not have the resources to keep operating in the foreseeable future.
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