Closer to home, it appears that San Diego Unified School District is about to go through a type of bankruptcy, called “insolvency” by the superintendent. Due to state revenue shortfalls (surprise!), combined with promised raises to teachers back when they thought the CA economy would recover, a looming train wreck is approaching. The likely scenario would be a state administrator takes over the budget, the Supt. and Board are relegated to an advisory role, and the administrator starts chopping pay, hours, the school year, personnel, etc. Looks like a type of bankruptcy where painful but necessary cuts are made.
