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<title>LAUSD faces potential insolvency as officials warn district could run out of money within year</title>
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<description>The Los Angeles Unified School District could run out of money within about a year and is showing severe signs of financial distress, according to county education authorities. The nation&#x26;#x27;s second-largest school district, which serves more than half a million students, faces possible insolvency, prompting the Los Angeles County Office of Education to take action. &#x26;#x22;I think it&#x26;#x27;s something everyone was hoping would be avoided, but I don&#x26;#x27;t think it&#x26;#x27;s really a surprise to anyone,&#x26;#x22; educational consultant Jamie Bacall said. County officials said LAUSD is projected to be more than $230 million in the hole by November of next year....</description>
<author>ABC 7 Los Angeles</author>
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