Money from current and future taxes taken from property owners originally meant to fix dilapidated schools and build new structures is being “sequestered” to buy overpriced iPads that will cost well over 1-Billion dollars. Here is tyhe story via Daily Caller:

Los Angeles public schools officials were forced to admit this week that their iPad program would end up costing even more money than previously believed — and Common Core’s infamous textbook company Pearson is partly to blame.

Outgoing superintendent John Deasy has long wanted to supply every student in the district with an iPad device — at the cost of $1 billion to taxpayers. Trouble set in quickly as schools began implementing the plan, however. The devices are expensive, and many low-income parents worried that they would be on the hook for damages. Teachers also had to enable the security settings so that the devices couldn’t be used at home, though some students were able to circumvent those barriers. Dozens of iPads have already been lost, broken or stolen. (RELATED: LA schools give every kid an iPad—what could go wrong?)

But little could prepare iPad skeptics for the latest revelation: LA schools must pay an extra $60 million each year starting three years from now in order to re-license the English and math curriculum software on the devices. This contradicts earlier statements made by district officials that the software would not need to be rented multiple times.

The new information leaked out during a recent school board meeting.

“We’ll need to purchase licenses after three years if we want to continue to use the content,” said Hugh Tucker, deputy director of facilities contracts, according to The Los Angeles Times.

This drew the ire of school board member Monica Ratliff.

“OK, stop right there,” said Ratliff. “At the end of three years, that content is going to disappear or we’re going to be violating something by attempting to use this content?”

Tucker told her that this was indeed true.