LOS ANGELES — For months, the Los Angeles Unified School District had been saying that, despite an ending balance of $4.93 billion for the current school year, the district could be at financial risk in the future.
Part of that equation changed Monday, when the district updated that figure to $5.12 billion — while also stating the system's potential financial risk is unchanged and the available money for employee raises may be tighter than before.
Welcome to the complicated world of finance in the nation's second-largest school system.
