By Mike DeNardo

PHILADELPHIA (CBS) – Philadelphia’s incoming schools superintendent would like to start his new job sooner, rather than later.

Dr. William Hite, the superintendent in Prince George’s County, Maryland, has a contract clause requiring him to give 120 days notice to get severance. Hite says talks are underway to resolve that.

“That is a term that is now being negotiated in both places. And we intend to continue those negotiations into next week, and hopefully I’ll get up there much earlier than 120 days from now.”

When Hite does arrive, he’ll be taking the helm of a district that has to borrow $218 million and likely make about $50 million more in program cuts, just to break even.