*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...

Los Angeles Unified’s new superintendent, Michelle King, said today the district is working on a response to a review panel‘s examination of district finances, and ideas would go before the school board next month. “It’s a huge concern of mine,” King said today, during a 2 1/2 minute interview with LA School Report. “I have work...

Spending cuts. Layoffs. Early retirement packages. Reductions in benefits. These needs, which were among recommendations made by LA Unified’s independent Financial Review Panel on Tuesday, are the kind that would make any union leader lose sleep. But three full days since the doom and gloom report was presented at the LA Unified school board meeting, with recommendations that...

  * UPDATED A blue-ribbon panel of leading figures in education, politics and finance has been working behind the scenes to help LA Unified identify financial challenges and solutions as the district faces budget deficits in the near future. The panel includes people who have worked with the district in the past, and many have...