TITLE

State Takeover Seen for Cash-Short District in Calif

AUTHOR(S)
Snider, William
PUB. DATE
January 1991
SOURCE
Education Week;1/9/1991, Vol. 10 Issue 16, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that a deepening fiscal crisis confronting the school system in Richmond, California is leading to the first direct state takeover of a district in California history. In response to the budget problems faced by Richmond district, local lawmakers are drafting legislation to provide at least $25 million in state loans needed by the district to avoid bankruptcy by the end of this school year. Richmond's current budget woes started even before School Superintendent Walter Marks arrived in 1987 with his school-choice plan, which he promised would bring dramatic improvements.
ACCESSION #
19573621

 

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