The State of California and Los Angeles County took another big hit today when the Los Angeles Board of Education voted to lay off as many as 5400 teachers and support personnel for the upcoming school year. This is another blow to the educational system in the LA area. LAUSD employees protested outside the meeting today, to no avail.
LAUSD is the second largest school system in the United States. There is a $596 million budget shortage for the next school year.
One ray of hope from the day... the board voted to save the jobs of over 1900 elementary school teachers using stimulus funds from the government.
In a time where the media uses any small blip in the stock market to predict economic recovery, it is the job market that is showing us that we have a long way to go. With the State of California at almost 11% unemployment, recovery seems to be extremely far away. The most disturbing part of these layoffs is that it hits our great city in it's most vulnerable and valuable place- our children and their education. Teachers are a priceless commodity and we continue to weaken them with bad decisions.
One last thought... One must wonder what the combined incomes of the school board members who voted are...
JB BROOKMAN
SENIOR MORTGAGE CONSULTANT
SOUTHERN CALIFORNIA REFINANCE SPECIALIST
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310.502.9877
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