PHL Public Schools Crisis

How We Got Here/Where we stand

 

• In FY12, the state decreased its revenues to the District for the first time in over 18 years

 

• In FY13, despite significant $315 million in mid-year reductions, the District borrowed $300 million in order keep schools operating at similar levels to FY12

 

• In April 2013, the District publicly requested $180 million in additional recurring revenues from the state and city and $133 million in labor concession

 

• On May 30, 2013, the District adopted an FY14 budget that included dramatic cuts, including nearly 3,800 layoffs because there was no promise of additional revenues and labor savings

 

• In August 2013, City Borrows $50 million so schools can open on time

 

• FY14 is projected to end with a $28.9 million deficit, which must be paid for in FY15

 

• FY15 lump sum statement includes operating revenues of $2,523.4 million2 and operating expenditures of $2,814.5 million, resulting in a budget gap of $291.1 million.

 

 

http://webgui.phila.k12.pa.us/uploads/dP/rA/dPrAVit1k8Xa4CJXcyxemQ/FY2014-15-Consolidated-Budget.pdf