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The Oakland Unified School District only just regained local control this summer after a state bailout two decades ago, and already top officials are warning that it is spending past its means and quickly falling back into perilous financial territory.
In a letter to the Oakland school board last week, Alameda County Superintendent of Schools Alysse Castro warned that it will need to propose major budget revisions in the next month to avoid running out of funds during this academic year, risking insolvency for the second time in recent memory.
“Oakland Unified School District enters Fiscal Year 2025–26 under full local control for the first time in a generation; however, the same fiscal and decision-making issues that have plagued the district for many years remain,” Castro wrote in her annual report of the district’s finances…