NEWS: LAUSD is ‘living off reserves’ and running out of time to get its finances in order, says county, state

The Los Angeles Unified School District (LAUSD) has received a warning from authorities that it must stop spending more money than it takes in or it could face a state takeover, reports the Los Angeles Daily News. Options under consideration include cutbacks or tax increases. Local teachers’ unions meanwhile say in previous instances where deficits were a concern, such shortfalls have been avoided in the end.

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