Excerpt from latimes.com
Austerity measures may not be enough, officials say. A clearer -- and more ominous -- picture emerged Monday of school districts' struggles to balance their budgets in preparation for a potential $4.8-billion state funding shortfall.
Districts around the state met two deadlines Monday: They were required to notify employees of possible layoffs and they had to report their financial data to county offices of education.
The California Department of Education estimated that nearly 20,000 employees received early termination notices, with at least one district -- Placentia Yorba-Linda Unified -- offering a $1,000 bonus to employees who retire or resign by April 1. At least 14 Los Angeles-area school districts reported that they might not be able to avoid running a deficit over the next two years.
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ZumaTimes.com (recently updated. links to everything.)
Tuesday, March 18, 2008
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