The Los Angeles Unified School District could run out of money within about a year and is showing severe signs of financial distress, according to county education authorities.

The nation’s second-largest school district, which serves more than half a million students, faces possible insolvency, prompting the Los Angeles County Office of Education to take action.

“I think it’s something everyone was hoping would be avoided, but I don’t think it’s really a surprise to anyone,” educational consultant Jamie Bacall said.

County officials said LAUSD is projected to be more than $230 million in the hole by November of next year. In response, the county superintendent has appointed a fiscal expert and given the school board 45 days to fix its budget.

“I think it might actually be a good thing to have a, sort of like a neutral pair of eyes on the LASD budget,” said Nicolle Fefferman, co-founder of Parents Supporting Teachers.

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