School District May Head to Bankruptcy
Posted on Dec 31, 2010 10:10pm PST
The Natomas school district in Sacramento may be headed toward bankruptcy as they have about $8.9 million in debt. The district already asked teachers to take a 7.9 percent pay cut, but they only agreed to a 4.86 percent cut. Now, it is being reported that a legislator is being sought to sponsor the bill needed to authorize the loan and state takeover in this bankruptcy matter.
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