How can the funding more than double per student, yet LA Unified still be facing a financial crisis? Chief Financial Officer Megan Reilly posed that question as she explained the intricacies of the budget and laid out new numbers at Tuesday’s special board meeting. For example, she pointed out that by the end of the recession in 2009,...

LA Unified expects this to be its best budget year in a decade, school officials said Tuesday, but board members urged immediate action to address a deficit in three years that could reach half a billion dollars. “This is the healthiest year in the past decade,” Chief Financial Officer Megan Reilly said in a report to...