Europe reaches deal to aid Greece debt crisis
EU leaders approve a plan cutting Greece's debt to 120 percent of GDP by 2020 and raising 140 billion dollars in rescue funds. Banks take 50 percent losses on Greek bonds, while the eurozone and IMF boost bailout firepower to about 1.4 trillion dollars.
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District faces large layoffs and school closings over budget cuts
Branham warns $11.4 million in public funds diverted to charter schools, with voters lacking a levy increase since 1992. He projects 70 to 120 teacher layoffs and drastic staff cuts if rejected again, threatening elementary and middle school closures, academy cuts, and reduced busing and programs.
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Lorain Schools warn of state takeover if Issue 14 fails
Lorain leaders say a 1.5 percent earned income tax is critical to avoid dramatic cuts including 70 to 120 teacher layoffs and elimination of elementary and middle schools. A finance emergency could trigger a state takeover and loss of local control, affecting athletics and arts programs cited by supporters.
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