Huge cuts on the horizon for California schools after ballot measure fails

From The Los Angeles Times: After California voters rejected ballot measures that would have restored state funding for schools, educators braced for $5.3 billion in cuts over the next 13 months. State and district officials predicted increased class sizes, additional teacher layoffs, more school closures and fewer arts and music offerings. Some districts could face insolvency. Gov. Arnold Schwarzenegger has proposed cutting education funding by $1.6 billion for the remainder of this fiscal year, which ends June 30, and nearly $3.7 billion for next year.