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More Districts Report Fiscal Woes

More than 100 California school districts serving roughly a third of public school students statewide are in financial jeopardy, according to the state’s First Interim Status Report for fiscal year 2011-12.

So far, 17 more districts than last year – 127 in all – are in negative or qualified financial status, which means a district may not meet its financial obligations for the current or subsequent two fiscal years.

“The deep cuts made to school funding – and looming uncertainties about the future – are driving school districts to the brink of insolvency,” State Superintendent of Public Instruction Tom Torlakson warned in a recent statement.

The Long Beach Unified School District Board of Education this week approved its Second Interim Status Report for 2011-12 with a positive certification, meaning the district will be able to meet its financial obligations for now.