President Obama signed into law an emergency bill from Congress this week designed to preserve jobs, including those of approximately 160,000 teachers who have been laid off or who might have been laid off this year. The Los Angeles Times has the story here.
School districts including Irvine are closely monitoring this legislation and hoping the bill will provide some much-needed relief. However, it has not yet been determined at the federal and state levels how or when these dollars will be allocated.
It’s also worth noting that California is still without a budget for 2010-11, and lawmakers in Sacramento are struggling to close a gap of approximately $20 billion. Whether these factors play a role in the distribution of the federal funds remains to be seen.
For more information on IUSD’s finances, visit the district’s Budget Watch page.