*UPDATE With LA Unified heading toward financial crisis within three years, Superintendent Michelle King on Tuesday kicked off a series of special board meetings to detail her plans for fiscal solvency. Topping that list is keeping kids in the district. Notably absent was cutting staff. King’s initiatives would initially cost the district — roughly $20 million. But the...

As LA Unified deals with looming deficits that could reach $600 million, a recent independent Financial Report attributes a large share of it to the ever-increasing costs of health benefits for present and retired employees. The district spends 14 percent of its budget on active and retired employee health benefits — which is more than it...