A wealth of cash in LA schools, but for how long?
LOS ANGELES — The financial forecast for Los Angeles schools calls for relatively blue skies for three years — including $3 billion left over at the end of the current school year — but warns that there could be serious shortfalls later, offering both opportunity and risk for the ambitious agenda of new Superintendent Alberto Carvalho. The funding picture, presented at Tuesday's school board ...
LOS ANGELES — The financial forecast for Los Angeles schools calls for relatively blue skies for three years — including $3 billion left over at the end of the current school year — but warns that there could be serious shortfalls later, offering both opportunity and risk for the ambitious agenda of new Superintendent Alberto Carvalho.
The funding picture, presented at Tuesday's school board meeting, represents an improvement from the previous update in December. That earlier forecast had predicted that the 2023-24 school year could be financially shaky. That's not the case any longer.
The district's general-fund revenue for the current year is more than $10 billion, while spending is about $9.43 billion. That surplus will
