MOORLACH UPDATE — California School District Rankings, Group 8 — August 22, 2018
Group 8 starts the second half of our study of California’s public school districts. This traunch represents $2.2 billion in cumulative unrestricted net deficits, a little lower than Group 7’s $2.35 billion. The Unrestricted Net Positions (UNPs) range between negative $694 and negative $782.
We also see four more Orange County school districts, with #529 in my Senate District:
#505 Magnolia Elementary #711
#507 Fullerton Elementary #816
#517 La Habra City Elementary #685
#529 Saddleback Valley #882
By comparison, turn back to my ten-volume series on the 482 California cities study earlier this spring. The second half of the study started with the negative $89 to negative $332 range, slightly better than the equivalent school districts (see MOORLACH UPDATE — City CAFR Rankings — Vol. 5 — February 14, 2018). This shows California’s school districts are in more need of fiscal attention.
What you realize is that major reform is required to turn our municipalities around before they overburden our children and grandchildren with massive debt payments.
Yesterday, Sen. Robert Hertzberg (D — Los Angeles) brought SB 10 to the Senate Floor for concurrence through a Supplemental Agenda that hit our desks in the early afternoon. This did not provide much time for reviewing the bill, but I had voted for it when it originally came to the Senate Floor on May 31st (see MOORLACH UPDATE — Budget and House of Origin Deadlines — June 1, 2017).
SB 10 went through a massive modification on the Assembly Floor and came back to the Senate for concurrence. It deserved another public hearing. But, this is how the Capitol works in the waning hours.
I asked a few questions of the author. It will be interesting how the state addresses the potential staffing costs, which should be offset by lower incarceration expenditures. But, it provides reform on a grand scale. And, that’s what California needs with its bail system and with its balance sheets, reform on a grand scale. Dan Morain of CalMattersprovides his take in his daily e-mail in the second piece below.
Here’s Group 8 of the California school districts:
Good morning, California.
A historic bail overhaul is approved
Sen. Robert Hertzberg argues for his bill to overhaul the bail
system.
