"This is different than oh, it's the same old OUSD. I firmly believe this is the worst crisis OUSD has faced in my lifetime."
"We started the year with a budget that only had our required reserve, which was 3% or roughly $25 million. Already, we have spent through half of that reserve and we're overspending by $4 million a month,"
"They walked back on the decisions we had made to reduce staffing to create room. And they have done none of the long-term restructuring work,"
"They've really spent too much on the wrong things. So this budget is a matter of priorities,"
Oakland Unified School District is at risk of insolvency less than two months after making its final loan payment to the state. The district began the year with a required reserve of 3%, roughly $25 million, and has spent through half that reserve while overspending by about $4 million per month. Multiple officials, including the chief business officer, have warned that spending cuts and revenue increases are necessary. The newly elected school board reversed staffing reductions and has not implemented long-term restructuring. Teacher contract negotiations are ongoing, and the shortfall raises threats of layoffs and school closures.
Read at ABC7 San Francisco
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