Vallejo City Unified School District (VCUSD) has repaid its $60 million state loan, ending 20 years of state oversight that began in 2004. The loan, caused by severe financial mismanagement, placed the district in state receivership, stripping the local board of control.
Commentary – A Cautionary Tale for Cash-Strapped CA School Districts: Vallejo City Unified Pays Off $60M Loan
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