1/6th of school districts on the brink of bankruptcy?

No direct link available, but this is from the email that the Spokane Library Moms send out to their supporters via the Washington State Library Coalition listserv:

The library issue really symbolizes the failure on the part of
the state to fully fund basic education – but as we all know,
this goes far beyond school libraries. How bad is it? Yesterday
at a hearing in Olympia, State Spdt. Randy Dorn testified that
"42 school districts (14% of districts statewide) are on the
brink of insolvency."

I have a hard time believing that. Can anyone point me to the source material?

Email to the right if you'd rather.