alt Hacker NewsThis is the first that I'm hearing about this, but I don't think that your telling is quite right. The Dallas school district is "Dallas ISD", not Dallas County Schools.
Dallas County Schools was apparently a school bus service provider that served many different school districts in the area. I don't know why they named it that...
https://en.wikipedia.org/wiki/Dallas_County_Schools
That situation looks pretty bad, but what happened was that a public school bus services provider went bankrupt, the school districts that it served became responsible for finding private replacement service providers, and residents of the service area had their property taxes raised to pay off the debt.
No school districts went bankrupt or were split up, just school bus service providers.
Ah, I had misunderstood this based on the first article saying that "Dallas County Schools" went bankrupt and was dissolved via a voter referendum. Based on its name and the apparent requirement of a vote, I had understood this intuitively to be a school district. Thanks for the clarification.