Los Angeles schools Supt. Austin Beutner on Thursday laid out a tight budget — which includes some layoffs — while signaling potential financial trouble ahead for the nation’s second-largest school district.
He also targeted new potential state funding sources.
The school system and the city of Los Angeles also formally withdrew from an education partnership with the Los Angeles Area Chamber of Commerce.
The presentation and the civic divorce were fallout from voters’ rejection this week of Measure EE, a property tax that would have raised an estimated $500 million a year for public schools. The chamber and other business groups had campaigned against the measure.
Measure EE was supposed to be the next step in a reinvigorated, better-funded school system, but Beutner and others were left scrambling for Plan B.
A fundamental and persistent problem is that the district is on track to spend more than it’s taking in over the next three years, and will need to rely on reserves and one-time funding sources, Beutner said.
Ultimately, “either we find more revenue or we’ll have to face a series of choices,” Beutner said during a briefing at district headquarters. Click here to read more: https://www.latimes.com/local/lanow/la-me-edu-lausd-budget-troubles-20190606-story.html