School board faces $100-million gap
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School board members learned this week that they must cut $100 million from next year’s budget to keep the Los Angeles Unified School District from sinking into debt.
If the district does not make the cuts, it could go $96.3 million into the red next year and $207.3 million the following year, Megan K. Reilly, its chief financial officer, told the board. The projected deficits are based on several factors, including rising costs and declining enrollment.
-- Jason Song
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