Supt. of Public Instruction Tom Torlakson is reporting that the number of districts in financial trouble has dropped by more than 50%, year over year.
Last year at this time, 124 local education agencies (LEAs) were in either “negative or qualified” financial status, according to the First Interim Status Report for 2012-13. By May 2013, 92 LEAs were still in a troubled financial place.
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