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Funding
 

The total funding need for the District is $440 million in FY15 In March 2014,in order to operate schools at a level that would adequately serve students and allow for an accelerated transformation of schools

  • $120 million in sales tax

  • $320 million in new request

 

 

Projected Revenues

 

  • Local Tax Revenues - city’s one-percent sales tax, real estate tax revenue,all other taxes (e.g., business use and occupancy tax, liquor sales tax, school income tax, and public utility realty taxes)

  • Local Non-Tax Revenues - consist of the city grant (69%), the Parking Authority contribution, gaming revenue, and stadium agreements

  • State Revenues - Basic Education Subsidy & Transportation, Special Education, and Reimbursement for PSERS (Pennsylvania Public School Employees' Retirement System) - is provided to pay for a portion of the District’s rising, mandated PSERS Expenditures.

  • Federal Revenues - (<1%) Federal Debt Service Subsidy

  • Other Financing Sources

    • the sale of property (building) and transfers from other funds (one time revenues)

    • Ready to Learn Grant (29 Million)

    • Proposed Tax on Cigarettes

    • Grants and Food Service Revenues

 

 

Projected Expenditures

  • District Operated Schools: $1,433.2 million - 51.1%

    • instruction (regular and special education), support, and operations (facilities, utilities, and transportation for District schools) in schools

  • Administrative Support: $74.5 million - 2.7%

    • central office supports students, families, and schools in Philadelphia, including charter and non-District schools - 46 % staff reduction over last 5 years.

  • Charter Schools: $766.7 million - 30.7%

    • Charter Formula – district pays charter schools a per-pupil fee (pays more than it saves for that student)

  • Debt Service: $280.4 million - 11.2%

  • Out of District Placement: $106.0 million - 4.3%

    • responsible for paying for educational services for Philadelphia students in institutional settings and other placements outside of Philadelphia (including transportation)

 

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

We are investing our precious resources in what works : school leadership/ teacher development, neighborhood schools, new ways of reaching all students according to their needs, quality instruction necessary to achieve high standards, school safety/ high-quality service for parents/families, and high quality charter options.

 

But We cannot afford what works. We can only afford some of what works.

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