Ticking timebomb at America’s second biggest school district — as chaos looms for thousands of families

Source: New York Post

A bankruptcy deadline less than three weeks away could force Los Angeles Unified to hand over control to the county — causing even more chaos for families in the struggling district. Faced with looming insolvency and massive deficits caused by unaffordable labor contracts, the nation’s second biggest district faces a county-imposed Aug. 7 deadline to deliver a workable plan to balance its books.