"The deep cuts made to school funding—and looming uncertainties about the future—are driving school districts to the brink of insolvency. Plain and simple, our schools need new revenues to get back on solid financial ground."
http://www.cde.ca.gov/nr/ne/yr12/yr12rel16.asp H/T Sarah Butler
First Interim Status Report for 2011-12 – Year 2012 (CA Dept of Education)
State Schools Chief Tom Torlakson: One Student in Three Attends a School District in Financial Jeopardy.