Catherwood LibraryILR School

For years the teachers in Orange County, California have been saying that school board members have been stockpiling cash as teacher salaries have dropped to among the lowest in the county. Now a consultant hired by the school board has issued his finding that the board has been keeping over double the amount of financial reserves required by the state every year---in addition to systemically overestimating costs and underestimating revenues. The report was commissioned after a teacher led recall vote unseated three of the board's seven members last year---which may explain why, with four board positions up for election this November, board members unanimously approved a 5.5% raise for teachers in the wake of this report.