Saturday, October 29, 2011

Union-Controlled San Diego Unified Edges Closer to Insolvency

Officials at California’s second largest school district, San Diego Unified, are now openly discussing the possibility of insolvency. - Ron Nehring/Flash Report

Predictably, district officials are blaming state education cuts for the district’s massive financial problems, including the prospect of a $118 million deficit this year....

So, are state education cuts alone to blame for San Diego Unified’s woes? Not so fast.

Two years ago, well before the current round of education cuts went into effect, district officials were already seeing the financial warning signs of trouble ahead.

Did the district take every possible step to bring costs down when the insolvency warning light started blinking on the dashboard? It doesn’t appear that way....