An increasing number of California school districts are edging closer to financial insolvency, state officials reported Tuesday.
One immediate effect has been teacher layoffs — probably in the thousands, although neither state officials nor the California Teachers Assn. have final numbers.
Since the beginning of 2010, the number of school systems that may be "unable to meet future financial obligations" has increased by 38%, according to the state Department of Education.
Education: More California school districts edging closer to insolvency, state says - latimes.com