Oakland’s top education officials insisted this week that the district’s finances have improved so significantly in the past few months — or weeks — that the city should celebrate what is a moment of “real pride.”
In short, the district is expected to be financially stable and meet all its financial obligations this year and the next two, according to new budget numbers officials released Wednesday.
It would be a miraculous turnaround if true, given the Oakland Unified School District’s recent brushes with fiscal insolvency, including a mid-April notice of “going concern” from Alameda County Superintendent Alysse Castro, triggering a pending financial review by outside fiscal experts…