Capitol Alert: Fewer Calif. Districts in Financial Distress

Tuesday, March 5, 2013

The number of California school districts in financial jeopardy has dropped by a third in the last year, state schools superintendent Tom Torlakson said Monday.

Last May, 188 school districts, including several of the state's largest, were either in "negative certification" or "qualified certification," denoting levels of financial distress, but the number has since dropped to 124 - in part because the state is pumping more money into local school coffers from the sales and income tax increase approved by voters last November.

The new list has seven districts with "negative" status, meaning they cannot meet their financial obligations now, the largest of which is Inglewood Unified in Los Angeles County.

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