Before an annual audit, the district thought it had a surplus, but the review of finances revealed the massive shortfall. The district collected approximately $135 million in revenue but had expenses of $152 million.

Around two dozen school districts across Maricopa County asked for the approval of bonds and overrides this year. Some passed and a handful came up short.

The emergency declaration was issued during the board's monthly meeting Wednesday after the school system was found to have not made sufficient progress in its special education services, according to a news release.

Sleep deprivation in teenagers is linked to mental health struggles, worse grades, traffic accidents, and more. That's why states including California and Florida have mandated later start times. Individual districts across the country have made the same change.