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LA Schools Face $268M Budget Gap Next School Year

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(credit: CBS)

(credit: CBS)

LOS ANGELES (AP) — The Los Angeles schools superintendent says the district faces a $268 million budget deficit for the next academic year that could affect up to 3,300 jobs.

Superintendent Ramon Cortines said in a statement Tuesday that he proposes partially covering the shortfall by using $103 million in federal jobs funding and reducing expenses by $5 million at central headquarters and district offices.

The rest will have to come from employee givebacks. Cortines says the district will discuss several options with unions to avoid layoffs: pay cuts, seven furlough days, or a combination of furloughs and salary freezes.

He notes the deficit could widen if the district loses special education and other federal funding for low income students.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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