PHOENIX — Facing a deep financial crisis, the Isaac Elementary School District is being placed into state receivership.
The Arizona State Board of Education voted Tuesday for the intervention after discussing that the district's combined over-expenditures could be $12 million to $16 million.
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The Isaac Elementary School District serves about 5,200 Pre-K through eighth-grade students. The district has 12 schools and is located just northwest of downtown Phoenix.
Once appointed, the receiver will oversee and manage the district's operations, including finances, governance, and academic programs.
The district tells parents that the day-to-day operations of schools will continue as usual as the receiver works to solve financial challenges and to ensure students receive a high-quality education.
On January 21, Attorney General Kris Mayes sent a letter to the Maricopa County Board of Supervisors urging officials to continue payments for the district.
"The Isaac School District serves over five thousand students and their families, and an abrupt halt to these payments would invite disaster," said Attorney General Mayes. "The far more prudent course is for the county to continue paying Isaac School District's critical expenditures, at least for the immediate future while school is in session, now that the receiver has been appointed and is developing financial solutions."
