The article provides some more detail about this expenditure, as well as the requirements (per the County's conditional approval of the MDUSD 2010-11 budget) that districts, including MDUSD, create a "fiscal recovery plan" and revised three year projections by December 15th.
I don't know what would be happening right now if this 6.5 million was not available? Does anyone know?
Within the article:
Five Contra Costa County school districts are struggling to stay fiscally solvent in the next three years as they grapple with state budget cuts, declining enrollment and failed tax measures.
"We're advising districts that they need to conserve their cash," said Peggy Marshburn, spokeswoman for the Contra Costa County Office of Education. "The budget picture at the state level is much more bleak" than anticipated.
Going from bad to worse... how much further can we go?