« Rhee Would Feel 'Responsible' if Mayor Not Re-Elected | Main | Students Want Out of Chicago High School »

Dallas Schools Still in Financial Trouble

The Dallas Independent School District has made progress in recovering from a series of financial mismanagement problems that left it with a yawning deficit last year, but the north Texas district isn't out of the woods yet, The Dallas Morning News reports.

A new audit shows the district ended the 2008-09 school year with a $22 million deficit, an improvement over the $74 million deficit the school district faced early last school year. The gap, caused by bad spending practices, forced the district to lay off hundreds of teachers in mid-fall and provoked anger among community members.

In the ensuing controversy, top district executives resigned or were dismissed, and local advocacy groups were calling for superintendent Michael Hinojosa to be fired.

To help get back on track, the district hired Larry Throm, who is well-respected for his work in managing the finances of the Austin, Texas school district, as the chief financial officer. Throm told The News the district is no longer overspending and will use short-term borrowing against projected tax revenues to help regain stability.

Notice: We recently upgraded our comments. (Learn more here.) If you are logged in as a subscriber or registered user and already have a Display Name on edweek.org, you can post comments. If you do not already have a Display Name, please create one here.
Ground Rules for Posting
We encourage lively debate, but please be respectful of others. Profanity and personal attacks are prohibited. By commenting, you are agreeing to abide by our user agreement.
All comments are public.

Follow This Blog


Most Viewed on Education Week



Recent Comments