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Did you know that the bankrupt, deficit ridden Los Angeles Unified School District (LAUSD) has a TEN BILLION DOLLAR OBLIGATION TO THE HEALTH CARE of its employees?
The General Fund budget of LAUSD is $5.4 billion.
So the unfunded liability, just for health care is almost double the budget--without a dime going into the classroom.
"The latest is the potential of $10 billion in health care commitments to LAUSD employees. [x] What is just as disturbing is the surprise outgoing LAUSD superintendent Ramon Cortines expressed when he announced the “astronomical” estimate.
$10 billion did not magically appear yesterday. Either Cortines does not read financial reports or information is being withheld from him – or both.
Of course, he could have been sitting on this information to avoid an ugly confrontation with the unions."
Wonder what else the "professional" educators are hiding from the public?
More...
The General Fund budget of LAUSD is $5.4 billion.
So the unfunded liability, just for health care is almost double the budget--without a dime going into the classroom.
"The latest is the potential of $10 billion in health care commitments to LAUSD employees. [x] What is just as disturbing is the surprise outgoing LAUSD superintendent Ramon Cortines expressed when he announced the “astronomical” estimate.
$10 billion did not magically appear yesterday. Either Cortines does not read financial reports or information is being withheld from him – or both.
Of course, he could have been sitting on this information to avoid an ugly confrontation with the unions."
Wonder what else the "professional" educators are hiding from the public?
More...