Bake Sales Won’t Solve $80 million School District Debt

Forget the Archdiocese of Philadelphia for just a moment. And pay no mind to the various protests, beef-and-beers, and fundraisers currently being held to keep dozens of Catholic schools open. Now, take a look at the tens of thousands of children that make up the Philadelphia public school system.

They are in trouble too- $80 million worth of trouble.

CBS 3 reports that, in a recent letter to the School District of Philadelphia, city controller Alan Butkovitz, revealed that the budget shortfall for the school district is even worse than he initially expected.

What was originally thought to be a $61 million deficit, is actually closer to $80 million. That’s a lot of bake sales.

According to CBS 3, Butkovitz has “substantial doubt” that the school district will settle its debt by the end of the school year if it does not provide a considerable amount of new and effective strategies to solve its financial crisis.

In a previous interview with CBS, Pedro Ramos, Chairman of the School Reform Commission, stated that “… the circumstances that we’re in in the next five and a half – six months are extraordinary and these are quite exigent circumstances.”

Source: CBS 3

Related Posts:

Jennifer Gregory

Jen is a senior Communications major at Holy Family University. A writer by nature, Jen is an aspiring journalist with many personal, creative side-projects happening simultaneously. When not writing, Jen can be found indulging in her other hobbies, which include but are not limited to, playing Magic: The Gathering, shooting photographs, and creeping around Philadelphia for inspiration. From time to time, she disappears from the real world and falls into the world of Star Wars: The Old Republic... because she’s cool like that. Follow her on Twitter for daily musings: @JL_Gregory

Did you love this post? Share it with your friends.
This entry was posted in News and tagged , . Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.