The weightiest SRC meeting anyone can remember
It's D-day for nine city schools that face closing.
UPDATE, 6:35 p.m.
The district is coming off a brutal year where officials had to slash spending by more than $600 million, with some cuts made mid-year and $26 million still left to cut. SRC Chairman Pedro Ramos told City Council this week that "bad fiscal policy" - not just a decrease in state and federal funds, as officials had maintained for months - was to blame for the district's fiscal woes.
But Knudsen and Feather Houstoun, chair of the SRC's finance committee, said at a news briefing that this was a new era for the district, which will no longer spend money it does not have and will be more open about its budgeting practices.
UPDATE, 5:45 p.m.
The district is coming off a brutal year where officials had to slash spending by more than $600 million, with some cuts made mid-year and $26 million still left to cut. SRC Chairman Pedro Ramos told City Council this week that "bad fiscal policy" - not just a decrease in state and federal funds, as officials had maintained for months - was to blame for the district's fiscal woes.
But Knudsen and Feather Houstoun, chair of the SRC's finance committee, said at a news briefing that this was a new era for the district, which will no longer spend money it does not have and will be more open about its budgeting practices.
UPDATE, 5:30 p.m.
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