Tuesday, February 24, 2026 1:50AM
LOS ANGELES (KABC) — The Los Angeles Unified school board is borrowing another $250 million in bonds to settle claims of sexual misconduct, according to a report in the L.A. Times.
The Times reports these latest bonds are in addition to the $500 million authorized less than a year ago.
The extra money is needed because of a bill that extended the statute of limitations for filing civil lawsuits regarding childhood sexual abuse.
The total cost, including financing, is expected to exceed $1 billion.
The money will be paid out of the district’s general fund over the next decade or so.
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