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Jump in number of school districts facing red ink as funding fades

"We are seeing an alarming spike in the number of school districts that are having trouble meeting their financial obligations," said State Superintendent of Public Instruction Jack O'Connell this morning as he released the results of the interim status report on the financial health of California’s 1077 school districts. Alarming indeed… the number of schools that may not be able to meet future financial obligations has increased by 38 percent since the beginning of this year. O’Connell joins Patt with the details on the crisis facing public education in the face of continuing cuts and inadequate funding.