Aug 25, 2003
Two months ago, just before the end of the fiscal year, the Los Angeles Unified School District told its workers that furloughs were inevitable. The only way they could close a budget gap, the district bosses said, was to cut 2½ to 5 days' pay from district employees' paychecks.
It has now come out that the district closed the fiscal year with a surplus of 33 million dollars – about the same amount that the furloughs were supposed to save!
What were the district bosses saving that money for? Parties? "Conferences" where they wine and dine in fancy hotels? Or perhaps bonuses for themselves for "balancing the budget"?
In any event, they've shown that their budgets – or their words – aren't worth the paper they're written on.