The California Legislative Analysts Office ("LAO") recently released a report entitled "School District Fiscal Oversight and Intervention," in which it examined the State's fiscal oversight system for school districts. In this report, the LAO compiled fifteen predictive factors of school districts that face fiscal distress, summarized the current system for fiscal oversight and intervention, and assessed how this system is functioning.
The LAO concluded in its report that the current system of fiscal oversight has generally been effective in ensuring the fiscal health of school districts and recommends preserving the current system in order to ensure sufficient support to prevent districts from requiring intervention. The LAO noted that "the fiscal oversight system is especially crucial during challenging fiscal times, when school districts often must deal with uncertain revenues, large state deferrals, and possible trigger reductions."
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The complete LAO report is available here.
Meghan Covert Russell
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