REPORT: San Francisco School District Has to Close Schools Because it’s Going Broke
Schools in the progressive haven of San Francisco are facing a major budget crunch. Things are so dire that the district may have to actually close some schools.
It’s amazing that these schools are having cash flow problems when you consider the taxes people pay to live there.
Officials from the school district recently met with some financial experts who gave them some tough love.
The San Francisco Chronicle reported:
Late last week, two fiscal experts — appointed a few years ago to give guidance to the district — were authorized to suspend or reverse financial decisions made by the superintendent or school board. It’s an extreme action the state superintendent of public instruction can take when a district is in a “distressed financial condition.”…
The school board spent Tuesday night reviewing the new reality,
