State School Chief Tom Torlakson: One student in three attends a school district in financial jeopardy
Here are a couple of excerpts from the California Department of Education Release:
The California Department of Education semiannually receives Interim Status Reports on the financial status of the state's 1,037 local educational agencies (LEA), comprised of school districts, county offices of education, and joint powers agencies. The certifications are classified as positive, qualified, or negative. The new report shows seven districts in negative certification and 120 as qualified.
The number of districts in qualified or negative status declined slightly from last June when the Second Interim Status Report for FY 2010-11 was issued, but overall remain at historic highs. As late as 2006-07, only 22 districts were in negative or qualified status at any time during the fiscal year.
"The financial emergency facing our schools remains both wide and deep," Torlakson said. "The deep cuts made to school funding—and looming uncertainties about the future—are driving school districts to the brink of insolvency. Plain and simple, our schools need new revenues to get back on solid financial ground."
