By Stephanie Bertholdo
Acorn Staff Writer
Las Virgenes Unified School District (LVUSD) has dipped below its 3 percent required reserve to 2.9 percent, with current projections showing deficit spending of $1.2 million.
Ordinarily, a drop below the required reserve could open the door to state oversight, but with California having its own budget nightmare, legislators have waived the 3 percent minimum for the remainder of this year. Moreover, the legislature also showed flexibility ...