Strike or no strike, pen­sions trou­ble LA schools

Milwaukee Journal Sentinel - - Milwaukeewisconsin -

LOS AN­GE­LES – Strike or no strike, af­ter a deal is ul­ti­mately reached on a con­tract for Los An­ge­les teach­ers, the school district will still be on a col­li­sion course with deficit spend­ing be­cause of pen­sions and other fi­nan­cial obli­ga­tions.

School sys­tems across Cal­i­for­nia are ex­pe­ri­enc­ing bur­den­some pay­ments to the state pen­sion fund while strug­gling to im­prove schools.

The prob­lem is es­pe­cially acute for dis­tricts like Los An­ge­les Uni­fied that will see a fi­nan­cial hit in part be­cause of steadily de­clin­ing en­roll­ment.

As fewer stu­dents en­roll, pub­lic schools get less in per-pupil fund­ing from the state, said He­len Creg­ger, an an­a­lyst and vice pres­i­dent at the fi­nan­cial ser­vices com­pany Moody’s.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.