Fiscal fiasco in the City of Angels

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The new Los Angeles Unified School District's $95 million payroll system was supposed to be a state of the art accounting tool for the nation's second largest school system. But a series of programming glitches, hardware crashes and mistakes by hurriedly trained clerical staff left tens of thousands of district employees with incorrect paychecks. The fallout from the fiasco is taking months to correct.

Last June some 7,000 teachers were underpaid, but a whopping 36,000 teachers were overpaid. The district now is seeking to recoup nearly $54 million in funds.

Union officials have lambasted LA Superintendent Brewer for his handling of the mess, filing a lawsuit and urging an (unsuccessful) boycott of faculty meetings. But fear not, one district official reassured the public that the problem is "82.4 percent" of the way fixed.