LA Schools, County to Borrow More for Billions in Abuse Payouts
A student heads to school in Los Angeles.
Photographer: Robyn Beck/AFP/Getty ImagesLos Angeles Unified School District and Los Angeles County plan to take on more debt to cover the mounting costs from a wave of childhood sexual assault settlements, officials said.
Earlier this month, the school district — the second largest in the US — sold $308 million of taxable bonds to pay victims who filed lawsuits after the California legislature made it easier to sue public entities for old abuse cases.