LAUSD faces ‘severe’ signs of insolvency; county warns it could take control of budget

Los Angeles Unified is facing “severe” signs of insolvency, with county officials projecting a $231-million cash shortfall by late 2027. County education authorities have appointed a fiscal expert and have given the school board 45 days to fix its budget or risk outside control. Costly union contracts, stalled cuts and steep enrollment declines helped drive the troubles. The Los Angeles Unified School District faces “severe” indications that it will be insolvent by November 2027 — falling $231 million into the red and unable to make payroll — county analysts have concluded, setting up a 45-day deadline for the school board...