EVOQ Properties Inc.(fka EVOQ)

[drsandcrs]

State takes over ....

So the State of CA declares an emergency and takes over the financially strapped Inglewood School District ....

http://www.dailybreeze.com/news/ci_21548079/state-takes-over-financially-strapped-inglewood-unified-school

The state loaned the district $55 million ... the funny thing about this is the state doesn't have $55 million as it's own bank accounts were overdrawn by $20 BILLION as of August 31, 2012.

So here's the landscape ....

Alex Cherniss, chief business officer with the Los Angeles County Office of Education, says he believes as many as 10 school districts in Los Angeles County are teetering on the brink

A Conga line with all the LA school districts doing a Kabuki dance into BK.

Can't wait for an entire takeover of the 10 districts by CA ...