LAUSD scales back debt

Los Angeles Unified officials Tuesday unanimously voted to scale down a new round of borrowing for facilities projects, approving only $125 million in new loans while also delaying up to 1,000 planned campus upgrades. Connie Llanos in the Daily News.

The school board had originally planned to borrow $320 million for projects that included relocating a school police station and computer system upgrades.

But facing bleak budget forecasts and still weeks away from approving a new master plan, the board downsized the loan and postponed up to 1,000 already-approved modernization projects at least until future bond revenues come in, expected no earlier than 2014.