The Los Angeles Unified School District is facing a looming, long-term deficit that could force the system into bankruptcy, a panel of experts has concluded in a new report obtained by The Times.
The group, which met in private over the last several months, concluded that L.A. Unified will face a budget deficit of $333 million in the 2017-18 school year, an additional $450 million the following year and $600 million more the year after that.
This year’s general fund totals about $7.1 billion.
L.A. schools Supt. Ramon C. Cortines convened the panel in response to critics who said the district could not afford its recent contract...