There's a highly anticipated board meeting this afternoon, where LAUSD Superintendent John Deasy is expected to outline his budget cuts and layoffs.
Deasy announced last night that he had to mail out more than 11,700 layoff notices to teachers and staff. But, he also said that the budget deficit has dropped significantly, so many of those notices will likely be rescinded.
The board delayed a February vote on the superintendent's budget plan, which then estimated that the district faced a $557 million budget deficit on its $6 billion budget.
Funding for education towards early childhood and adult education — like English as a Second Language classes — is expected to be cut.
The district has since readjusted its 2012-13 budget shortfall estimate down to $390.2 million. This is due to the state legislature's vote to restore transportation funding to schools, higher-than-expected revenues from the lottery and lower expenditures, said LAUSD spokesman Thomas Waldman.
Deasy has also called for a new property tax measure to be placed on the November 2012 ballot that would cost about $300 per year for no more than five years to provide additional funds for LAUSD.
Howard Blume is the Los Angeles Times' education reporter.