School financing flows through property taxes, and they’re the same whether the property is occupied by a family, childless couple, an absentee out-of-town owner or an investor.
Schools currently enjoy 100% of the money with nowhere near 100% of load, which in theory should result in smaller classes and excellent teacher-to-student ratios.
In reality though LA Unified School District has been cutting so many sweet pension deals to the previous employees (and current retirees) that most of that money is appropriated by pension funds long before the current employees (or kids) see any of it.
Combined with decreased enrollment across the board (people intent on having kids and large families tend to move out of LA more than they move into LA) and increased life expectancy of most retirees, things are not exactly looking bright for parents considering LA Unified for their education needs.
Just read an article about it from June, what a tough problem! No amount of complaining from parents can make enough pension money appear. Thanks for writing about it.
Schools currently enjoy 100% of the money with nowhere near 100% of load, which in theory should result in smaller classes and excellent teacher-to-student ratios.
In reality though LA Unified School District has been cutting so many sweet pension deals to the previous employees (and current retirees) that most of that money is appropriated by pension funds long before the current employees (or kids) see any of it.
Combined with decreased enrollment across the board (people intent on having kids and large families tend to move out of LA more than they move into LA) and increased life expectancy of most retirees, things are not exactly looking bright for parents considering LA Unified for their education needs.