Monrovia Schools: Broke in 2012?

The Monrovia Unified School District will run out of money by May, 2012.

Connie Wu, Monrovia School District's Chief Business Officer, projects - even assuming Governor Brown's optimistic assumption that a tax extension will be approved by the voters - that the district will face a cash deficit of $1 million by May of 2012 and $3 million by June 2012. And if the voters reject the tax extension? Probably a $5 million deficit by June 2012.
Why? Because the irresponsible State of California has refused to cut its own expenditures, and so, to compensate for its spendthrift ways, is looting local school districts. (That's my own opinion, if you didn't guess.)
Obviously, to avoid a deficit, some serious cuts could be in store.
Lots more detail, including spreadsheets, here: http://goo.gl/jDNot
- Brad Haugaard