ANTELOPE VALLEY : School District’s Debt Jumps to $12.4 Million
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Los Angeles County education officials forecast Tuesday that the deficit facing the Antelope Valley Union High School District has increased to $12.4 million, twice the level of two months ago and amounting to one-fourth of the district’s overall budget.
The projection came as county officials threatened to take direct control of the district’s finances unless the situation improves.
The moves followed the county’s rejection last week of a fiscal recovery plan prepared by the 11,500-student district. Calling it inadequate to the task, county officials ordered the district to submit a new, more detailed plan by May 21.
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