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Financially ailing Oakland schools will get cash infusion under new state law

SEPTEMBER 18, 2018 | by Dominic Fracassa | SAN FRANCISCO CHRONICLE

“On Monday, Gov. Jerry Brown signed the Education Trailer Bill, which will provide financial relief to cash-strapped school districts across the state. After hemorrhaging money for years, OUSD is facing a $30 million budget shortfall next year, and a $60 million deficit the year after that. In June, the state Fiscal Crisis and Management Assistance Team also found that the district was using dubious accounting practices that, in some cases, amounted to a misuse of federal and state funds.”

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