Fewer districts say they’re in trouble
Sleepless nights ahead for Joel Montero of FCMAT
By
Ten school districts have acknowledged that they’re headed toward insolvency this year or next. An additional 91 districts say they won’t be able to make ends meet two years from now, based on current projections.
The combination represents about 10 percent of the state’s school districts. It’s preliminary and may rise after county offices of education review districts’ financials over the next month.
But the totals are considerably lower than the 174 districts that last spring said they were headed for fiscal trouble. That’s surprising to Joel Montero, CEO of Fiscal Crisis and Management Advisory Team (FCMAT), the state agency that straightens out districts’