District News Roundup
The Los Angeles Unified School District, which has made deep cuts in its budget for the past three years, is projecting a budget deficit of at least $258 million for the 1992-93 school year.
Robert Booker, the district's chief business and financial officer, called the deficit "the worst budget problem I have seen in this school district'' and warned that it could increase by as much as $100 million when inflation and enrollment growth are taken into account.
The projected deficit includes $75 million to partially reimburse the district's self-insurance funds, $59.9 million to restore and increase an emergency-reserve fund, and $98.5 million to begin to repay district employees for a 3 percent pay cut and restore salaries...
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