A Little Homework Is In Order For The School District

It seems that the Philadelphia School District is having some trouble with basic arithmetic lately.  Near the end of the last school year, the District CEO appeared before City Council and announced a balanced budget for the Philadelphia School District.  Today, after disclosing a budget shortfall that resulted from several inaccurate assumptions about the costs of utilities, retirement-related payments, and charter school enrollment, the District is grappling with a $73 million hole, 3.7 percent of it $2 billion budget.  That is not a passing grade.  Perhaps District officials could use a little more homework to improve their budgeting procedures so they can get better grades in the future.  (Visit BUDGETWATCH to Read more)