How LAUSD plans to dodge its financial crisis: boost enrollment but not cut staff
*UPDATE With LA Unified heading toward financial crisis within three years, Superintendent Michelle King on Tuesday kicked off a series of special board meetings to detail her plans for fiscal solvency. Topping that list is keeping kids in the district. Notably absent was cutting staff. King’s initiatives would initially cost the district — roughly $20 million. But the...
By Mike Szymanski | March 30, 2016 1:47 pm
Rising health benefits have major impact on LAUSD finances
As LA Unified deals with looming deficits that could reach $600 million, a recent independent Financial Report attributes a large share of it to the ever-increasing costs of health benefits for present and retired employees. The district spends 14 percent of its budget on active and retired employee health benefits — which is more than it...
By Mike Szymanski | November 25, 2015 9:19 am