Sacramento District Faces State Intervention After Rescue Plan Rejected

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Source: New York Post
Sacramento District Faces State Intervention After Rescue Plan Rejected
Photo: New York Post
TL;DR Summary

California's Sacramento City Unified School District risks state receivership after county officials rejected its $158 million solvency plan, which relied on shifting existing funds and a new labor agreement to close a large budget gap; the board will consider appealing to the state superintendent at a special meeting, as critics warn the plan borrows from retiree health funds and other earmarked money and would incur long-term costs.

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