A Texas school district has less than $500 in the bank

A South Texas school district is in full-blown financial crisis — and the numbers are shocking. Crystal City ISD has less than $500 in its bank account, and the interim superintendent said it to families' faces at a town hall Tuesday night after announcing the layoffs of 72 employees, nearly a quarter of the entire staff. KSAT's Zaria Oates has been working this story all day, digging into how a district burns through $10.6 million in reserves and ends up here — and what it could mean for students if they lose accreditation and their diplomas along with it.