Last week, Sacramento County’s Office of Education rejected a revised labor agreement that the Sacramento City Unified School District had claimed would stave off its insolvency.
“The long-term financial recovery of the district will take time and require extraordinary fiscal discipline, not just short-term loans and redirected funds, all of which must be repaid,” David Gordon, the county superintendent of schools, said in a statement. “The agreement would only temporarily delay SCUSD’s impending insolvency by a few weeks while also making it more difficult for the district to make a sustainable long-term fiscal recovery.”
Sac City Unified has been flirting with financial collapse for decades by chronically spending more — especially on labor contracts — than it could cover with revenues…