Monday, February 5, 2018

Los Angeles County Office of Education Says Pasadena Unified at Risk of Insolvency - Where is Larry Torres?

Mod: You might be wondering where Sierra Madre's Board of Ed seat warmer Larry Torres has been lately. Especially after you've read this following news report from Pasadena Now.

County Office of Education Says Pasadena Unified at Risk of Insolvency, Requires Fiscal Stabilization Plan by February 26 (Pasadena Now link): Saying it is very concerned by the Pasadena Unified School District’s level of deficit spending and the District’s fiscal solvency, the Los Angeles County Office of Education put District on notice it has until February 26 to submit and get Board approval of a Fiscal Stabilization Plan. In a six-page letter to School Board President Roy Boulghourjian dated January 19, Dr. Candi Clark, the County Office of Education Chief Financial Officer, said that Pasadena Unified has placed itself “in immediate risk of becoming insolvent.”

Clark said the District’s spending has so exceeded plans that the District no longer meets the state-required minimum reserve funds level for the current school year.

As a result of that “negative certification,” Clark wrote, “the district must take immediate steps to restore the current year REU [Reserve for Economic Uncertainties] to the state required minimum level.” Clark said the Los Angeles County Office of Education will be placing a fiscal expert at the District, at the expense of the County office, to assist in the development and implementation of the Fiscal Stabilization Plan.

The County Office of Education, Clark wrote, is prepared to elevate the fiscal expert to an advisor with stay and rescind authority if the District does not make satisfactory progress. 

Here is a portion of that letter:
  
For the entire thing click here.
    
"Spending has so exceeded plans." I think that is the nicest way possible of saying PUSD administrators have been doing things like shoveling your kids' education money to the employee unions who funded the winning election campaigns of certain recent Board of Education candidates. Near legendary educators such as Larry Torres, Pat Cahalan and Roy "Boogie BoyBoulghourjian easily come to mind.

No cuts, no financial restraint, just quietly run the place into the ground while keeping campaign donors fat and happy. Just like we said they would.

If you are unfamiliar with the term "stay and rescind authority," it means that either Los Angeles County or Sacramento would take control of the PUSD, neuter the Board of Ed and its hired administrative staff, and run the place themselves. Here is how that quite possible event is described on the state's Legislative Analyst's Office website (link).

Educators.
If District Cannot Meet Obligations, State Provides Emergency Loan and Takes Administrative Control. When a school district is unable to meet its financial obligations, the state provides it with an emergency General Fund loan. The school district then works with the state's Infrastructure and Economic Development Bank to issue bonds to repay the initial state loan. The district is responsible for paying the debt service and issuance costs of the loan as well as the salaries of various employees hired to provide administrative assistance to the district. From a governance perspective, the state Superintendent of Public Instruction (SPI) assumes all of the duties and powers of the local board and appoints a state administrator to act on his or her behalf. The primary goal of the state administrator is to restore the fiscal solvency of the school district as soon as possible. When the SPI and state administrator determine that the district meets certain performance standards and is likely to comply with its recovery plan, the local governing board regains control of the district and the state administrator departs. Until the loan is repaid in full, a state trustee with stay and rescind powers is assigned to oversee the district. 

I'm sure the PUSD Board of Education isn't all that upset about any state takeover. It would certainly mean a lot less work for them to do. Just as long as they get to keep their free health care.

So where exactly is Low Energy Larry these days? You'd think the prospect of the PUSD rapidly careening into a state of financial collapse would cause him to saddle up his unicorn and warn the good people of Sierra Madre that their kids might not have any schools to go to soon. Right?

Will Larry be speaking to the City Council soon about this matter? Hosting a Lunch & Learn at the Hart Park House? Going door to door to speak personally with concerned parents? That doesn't appear to be the case.

Has anybody seen this topic on any meeting agendas? Nothing I've seen would indicate that Larry has said a single word about this crisis to anyone. He has chosen to remain silent.

But look, it's not like you weren't told this could happen.

Click here for the warning you ignored.

My guess is Larry, along with the rest of the PUSD Board of Ed, is patiently waiting for someone in Sacramento to step in and bail them out. I'm sure the part about a state requirement to issue bonds probably appeals to them in a special way. My bet is they're already filling out the paperwork.

But what if the state doesn't go for that? Rather they decide to just fold the entire mess into the LAUSD? That would make sense. Why pay millions of extra dollars in administrative PUSD salaries and pensions when you don't have to? Why sustain so ineffectual a Board of Education? Just fire the whole bunch for rank incompetence and use the money to do something radical.

Like buy school books.

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56 comments:

  1. If the Pasadena Unified School District goes out of business can we take over our own schools?

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    Replies
    1. Go to a couple of school board meetings, visit the principals at the schools in town, ask to volunteer in some capacity and then decide how easy that would be.

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    2. Volunteers. How that word gets tossed around anytime someone questions the local establishment.

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    3. You don't have to volunteer if you are employed as a teacher and work in a classroom everyday with the responsibility for from 28 to 45 students (depending on the subject which delimits the ratio). No one knows how hard it is to teach or run a school system until they have done it. I tell anyone who cares to listen, the tax payer gets to spend their tax dollar one way or another, you dedide: on education or prison space!

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  2. I wonder who will be the first to propose that the elementary school property be sold should the PUSD go belly up? My bet is on Podley.

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    Replies
    1. I agree. Century 21. They're very proactive when it comes to the sale of local government properties.

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  3. Sierra Madre was informed by Bart Doyle in a recent council meeting.
    He spoke on the language immersion program that PUSD had honered their promise to Sierra Madreans!

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    Replies
    1. Did the Bartinator talk about how his candidate has helped oversee the PUSD's financial collapse?

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    2. Everything Doyle touches dies.

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    3. The library is next.

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    4. Bart Doyle is actually the infamous spy figure Gold Finker.

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  4. It was about a month ago that Bart Doyle appeared before City Council praising the Pasadena School District. I do agree with him, that the elementary and middle school in Sierra Madre have improved exponentially.

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    Replies
    1. Bankruptcy could change that, though I am sure Bart will want to help issue some new bonds.

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    2. Would we be allowed to vote on these new school bonds? Or because the state ordered it the bonds would be issued automatically?

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    3. Yes the schools have improved, but when you are in the gutter, the only way you can go is up. The schools still are not on par with the private schools in the area..... academically or the way the kids behave.

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  5. Member Scott Phillips has been attempting to expose the reckless actions of the PUSD for years; he is constantly shut down.

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  6. 7:12am. Lol, then you agree that the PUSD and Doyle have done their best to create the insolvency of the school system!

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  7. After Torres and his two pals got on the board everybody at the PUSD got raises and benefit bumps.

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  8. Sacramento, L.A. County, anything but the PUSD.
    Wait a minute, I do not think that any of this possible take overs will turn a profit or keep the PUSD solvent; take a look at their fiscally run operations.

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  9. Judging by Larry's performance on the Board I'd have to say subdistricting has been a blessing to the school district. Then again, perhaps not.

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  10. Just like Pasadena, California school district Administrators are over paid 'golden cows' nothing less and nothing more they all should be paid school teachers pay scale so they can really earn their paychecks instead of fattening them up with self serving pay and perk raises.

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  11. The Pasadena Unified School District has a long record of failure. Disbanding the PUSD and folding it into the Los Angeles school system is a good idea.

    ReplyDelete
  12. 7:38am Good idea, it couldn't be any worse than what we have now.
    Property values may experience a change when buyers are aware that LA County runs the schools in this district.

    ReplyDelete
    Replies
    1. For the better I'd hope. I can't imagine having schools run by an insolvent district with bottom percentile academic ratings is impressing anyone.

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  13. What ever happened to Sandy Sariganian that was running for something on the PUSD.

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    Replies
    1. Say what you want about Sandi. If she had been elected she would be telling everyone about tgexPUSD's impending insolvency. Low Energy Larry kept it all a big secret.

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  14. I exchanged emails with City Manager Engeland this morning. Apparently he had not been informed about the PUSD's impending bankruptcy.

    ReplyDelete
    Replies
    1. What happens on Hudson Street stays on Hudson Street.

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  15. 8:50am I liked Sandy and voted for her. Like many of us, she has grown tired and has burned out on trying to make a difference in the public sector.

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    Replies
    1. Most people know nothing, don't vote and couldn't care less. That is how you explain the financial collapse of an entire school district. It is run by idiots, who were voted into office by people just like them.

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    2. Sierra Madre has some very smart people living here. But it also has a very large population of fat heads.

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  16. Good time to buy stocks now and beginning on Monday.
    Right now Bull Run is happening, down over a 1,000 points. The Market is recorrecting, back to reality.

    ReplyDelete
    Replies
    1. Investors are not impressed by Trump's $1 trillion in new debt, or the GOP's unwillingness to own up to it.

      Delete
    2. So much for the troll who was bragging about his stock gains as an excuse for trumps coruption and failure

      Delete
    3. I doubt he really owns stocks. He just parrots what the talking heads on Fox tell him.

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    4. Huh. Just like Trump.

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    5. The stock market fell 1,175 points today. It fell 666 points on Friday. Is America getting greater yet?

      Delete
  17. 2:37pm. Obama failures of 20 trillion in debth I did not play the market.
    Lately it's been great.
    Now I can pick up some energy and technology at a cut rate price.
    Check your 401's.

    ReplyDelete
    Replies
    1. Ok Ivanovich.

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    2. That’s it? That’s your escape plan out of the conversation? Artful dodger you are not.

      Total troll fail

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    3. You stayed out of the market while Obama was president? What a fool! My 401k went up six figures during his recovery. Stocks grew better under Obama than trump:

      http://www.politifact.com/truth-o-meter/article/2018/jan/08/how-trump-obama-compare-stock-market/

      P.s ‘Debth’ isn’t even a word.

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    4. When I send him our bill I'll be sure to include a debth charge.

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  18. Well this just is another Example of big government spending tax payer money and pissing it away like drunken leftist marxists, Good job Low Energy Larry, just another useless liberal bureaucrat that wants to just take taxpayer money and then wait to get bailed out by the same taxpayers, unbelievable, this is why California is going to hell financially.

    ReplyDelete
    Replies
    1. Homey be hittin the pipe hard today

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  19. Time for Sierra Madre to take its schools back.

    ReplyDelete
    Replies
    1. Just remember the city ie.you and me would need to pay for the new middle school and the amount that was spent on renovations at the school on Highland. You must love bond debt to suggest such a stupid idea.

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    2. You know how this would all work out, eh? I doubt it.

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    3. 5:41 is a PUSD parasite. A reason why it is going bankrupt.

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  20. Just borrow some money from Arcadia Unified, they just blew $2.4M on ‘alternate learning’ BS contract with AltSchool. Computers that replace your kids’ teacher. No evidence that it does any good other than help Vannasdall likely land a new higher paying job.

    ReplyDelete
  21. Take Sierra Madre schools back where? The town is broke.

    ReplyDelete
    Replies
    1. You never know how the courts will decide. Beats being part of a bankrupt school district loaded with some of the most poorly ranked schools in the state.

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  22. 4:23pm. I apology. My intensity of concentration with dividend's and money market percentages were creating deep and thoughtful passages of thought about changes in my portfolio.

    ReplyDelete
    Replies
    1. Oh, of course. Without a doubt.

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    2. 5:31 has suffered brain debth. Probably caused by today's stock market collapse.

      Delete

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