Next year, Laguna Beach’s public schools will be required to carry a $68.7 million debt from the state’s teacher-pension fund, an amount that has the potential to overwhelm the district’s $46 million budget and one school officials say they have no clue how to repay. The debt represents Laguna Beach’s share of the currently estimated […]
Tag: "Dean West"
A plan to refinance debt, approved by the Laguna Beach school board at a special meeting on Monday, will save Newport Coast property owners within the school district’s boundary about $100 on future property tax bills. The figure is based on an estimated annual savings of $62,317, shared among owners of 567 parcels. Issued in […]
Despite a 3 percent drop in revenue mostly due to decreased funding from the state, school administrators on Tuesday proposed a $40.9 million budget for the next school year that does not require any teacher layoffs. For now, nor have steps been taken to increase class sizes and the district will continue to fund the […]