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California District Moves Closer to Insolvency, Earns BBB-Minus Rating

FLF Wrote: Sep 08, 2012 10:42 AM
iIt is known out here as Ingle-watts.. and is one of the WORST run cities in LA county. Nothing but scam artists, con artists, grifters, cheats and thieves and of course Osama Bin Obama supporters galore, ALL with their welfare hands out and in the taxpayer's pockets!
The Inglewood, California school district has slipped closer to financial ruin now that S&P has downgraded its credit rating to BBB-minus.

The credit agency stated that the district could improve its status if it gets spending under control and accepts a $55 million bailout from the state. It also said the rating could worsen if the school board doesn’t act quickly.

But nobody should hold their breath waiting for the school board to take positive action. News reports indicate the board may turn down the state bailout out of fear of losing local control of the district....