Without a state budget, Philly schools on pins and needles
As the state budget deadlock continues in Harrisburg, Philadelphia schools will be forced to borrow money in order to cover payroll and make it through the year.
This week Governor Tom Wolf stated he would not advance money to struggling school districts as long as the state budget impasse continues.
Meanwhile Philadelphia Superintendent William Hite said that “if there was no Pennsylvania budget by the end of the calendar year, he could not keep schools open even with the temporary borrowing,” Philly.com reported.
Philly schools began the current school year borrowing money. With the state budget pending, last August the district borrowed $275 million to get by during the first months of the school year.
Now the School Reform Commission (SRC) is scheduled to meet in the next couple of days to authorize further borrowing that can sustain the school district operations through at least the end of the year.
District spokesman Fernando Gallard told Newsworks on Wednesday that he doesn't yet know how much the school system will need. “You have to find someone who's willing to lend you the money. And you’ve got to figure out how much they're willing to lend you,” Gallard said.