The troubled Inglewood school district has once again found itself facing severe financial uncertainty.
The school system was taken over by the state in September, when Gov. Jerry Brown approved legislation granting $55 million in loans for the district. But officials announced Tuesday that the district has depleted its reserves and used about half of those loans in the first year.
A review by the state has found that the 14,000-student district will end the current school year with a $17.7-million deficit. Without scaling back, the district will exhaust the remainder of the $55-million loan and other funds next year and will be unable to fund the school year in fall 2014.