The Isaac Elementary School District is under fire and under the microscope after accusations of overspending nearly $30 million and falsifying financial records came to light. “They lied to us,” said Maricopa County Treasurer John Allen during an Arizona School Board of Education meeting on Jan.

To prevent cuts to essential programs, district leaders are considering closing schools and consolidating resources. If closures proceed, Dunbar students would move to Bethune and Heard students to Capitol.

The district cited declining enrollment and "significant budgetary challenges" as reasons why the closures of Heard and Dunbar schools are necessary.

Over the last decade, the district says enrollment has dropped by roughly 2,000 students and “by 2033, enrollment is projected to decline by 14%, further impacting our funding and resources.”

A financially troubled Phoenix school district could be getting a lifeline from the federal government, officials announced Monday.

Nicole Krasean has the latest on the Isaac School District receiving a multi-million dollar loan from another Valley school district. It's a lifeline as teachers have already missed a paycheck.

Isaac School District and Tolleson School District agreed on Wednesday to a buyback deal where Isaac gets $25 million.

The Phoenix Elementary School District is proposing closing Dunbar and Heard Elementary Schools to save about $2 million.

Families in the Phoenix Elementary School District could see two of their schools close by the end of the school year.

The district held its first of four public hearings on the proposed school closures on Tuesday night, where the reaction was mixed.