Philadelphia Education Fund:
Education First Compact
The Fiscal Future of Philadelphia's Schools
School budgeting is a complicated interplay between local, state, and federal budgets. Four years ago, due to state and federal cuts, the "Doomsday Budget" hit Philadelphia, radically changing the landscape for students, teachers, administrators, and schools. Since then, the School District of Philadelphia has begun a gradual process of restoration and reinvestment, though state-level funding has still not recovered. And while the District has begun making investments of over $500 million over the next six years, the next "Doomsday Budget" may be just around the corner.
This May, the District's Chief Financial Officer will speak on what the next five years holds for Philadelphia's finances and schools. Philadelphia remains the only school district in Pennsylvania that does not have the authority to raise revenues, while legally mandated expenditures continue to grow. Meanwhile - school facilities, a teacher contract, arts, counseling supports, and much more - the list of needs is substantial. In this context, what kinds of investments can the District make? What can Philadelphia and Pennsylvania do to keep afloat for the next few years, and what risks threaten that? Ultimately, what would be needed to fix the District's structural deficit and create a truly adequate level of investment in the lives of young Philadelphians?
Uri Monson, Chief Financial Officer, School District of Philadelphia
Philadelphia's School Budget Picture Remains Bleak Despite Surplus This Year. 3/23/2017. The Philadelphia Public School Notebook.
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