Jobs bill helps district balance budget
The $49 million expected this year would spare teachers and programs, the Phila. board was told.
The $98 million the Philadelphia School District expects to receive under the federal education jobs bill could not have come at a better time, according to the district's chief financial officer.
The district expects to get $49 million this school year, which would make up for lost revenue in its $3.2 billion budget, Michael Masch told the School Reform Commission on Wednesday.
For starters, the money would help replace $55 million in state aid the district did not receive, he said.
Read more: http://www.philly.com/inquirer/education/20100916_Jobs_bill_helps_district_balance_budget.html#ixzz0znUkzWTZ
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