California Schools Facing ‘Financial Disaster’ Rises to Record
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A record number of California schools are in financial distress and may not meet their commitments over the next two years due to the recession and state budget cuts, according to the California Department of Education.
The number of school districts on a semi-annual “fiscal early warning” list issued by the department has jumped 38 percent to 174 districts since January, or 16 percent of the state’s 1,077 local education agencies.