Stimulus to cover $140 million shortfall

Describing it as a "crisis averted but delayed," Los Angeles Unified officials said they can make up for a recent $140 million cut in state funding by using federal stimulus money - but they'll feel the pinch next year. Connie Llanos in the Daily News.

The $140 million cut, the equivalent of closing seven high schools, follows Gov. Arnold Schwarzenegger's weekend veto of a bill that would have temporarily retained special funding for school districts that serve low-performing students.

Those funds, totalling $400 million statewide, were initially taken away in July by lawmakers who argued the school districts could use stimulus money to make up the difference