Tag Archives: School Finances

A new State Senate study shows that the SAUSD is heading for bankruptcy

CA State Sen. John Moorlach today released his latest fiscal report, “Financial Soundness Rankings for California’s Public School Districts, Colleges & Universities.”

Some key findings from the new education report:

  • About two-thirds of California’s 944 public school districts run negative balance sheets.
  • These statements show the most distressed districts could soon reach a tipping point into insolvency and receivership.
  • Of the state’s large school districts, those in severe distress include Los Angeles Unified School District, with a negative $10.9 billion balance sheet; San Diego Unified at negative $1.5 billion; Fresno Unified at negative $849 million; and Santa Ana Unified at negative $485 million, the worst in Orange County.

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