Dossier
state funding cuts
Coverage of state funding cuts in the Nexus archive.
St. Francis Public Schoolsorganization1Karsten Andersonperson1Jill Andersonperson1compensatory fundstopic1football stadium damagetopic1school boardorganization1operating levy referendumtopic1Los Angeles Countyplace1Fitch Ratingsorganization1Moody’sorganization1Los Angeles County Treasurer and Tax Collectororganization1legal liabilitytopic1federal funding cutstopic1
- St. Francis school leaders warn tough decisions are just beginning
St. Francis Public Schools faces a budget shortfall due to state funding cuts and stadium repair costs, prompting concerns over financial stability. School board member Jill Anderson refused to approve the budget, citing it falls below a 12% savings threshold, while Superintendent Karsten Anderson outlined plans to use savings and adjust staffing to address the deficit.
- Wall Street Rates L.A. County Highly Even as Settlement Costs and Funding Cuts Mount
Los Angeles County received top-tier credit ratings (triple-A from Fitch and Aa1 from Moody’s) despite facing nearly $5 billion in legal liability and reductions in federal and state funding. County officials stated the ratings will enable borrowing at lower interest rates, saving millions of dollars.