May 21 | Los Angeles Times

By Teresa Watanabe

Pummeled by relentless budget cuts, a record number of California school districts are facing bankruptcy, state Supt. of Public Instruction Tom Torlakson announced Monday.

The Inglewood Unified School District and 11 others -– most in northern California -- are currently not able to pay their bills this school year or next, according to a biannual report on the financial health of the state’s 1,037 school systems compiled by the state Department of Education. An additional 176 school districts may not be able to meet their financial obligations.

All told, the financially troubled districts serve 2.6 million children. And the picture could dramatically worsen if initiatives to raise taxes for public schools by Gov. Jerry Brown and others fail to pass in November, officials said.

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