By Mike DeNardo
PHILADELPHIA (CBS) — The School Reform Commission late this afternoon was set to approve the School District of Philadelphia’s “lump sum” budget for the next fiscal year, which aims beyond simply filling an $85-million deficit.READ MORE: Man Killed, Philadelphia Police Officer Shot During 'Attack' In Overbrook, Police Say
Right now, the district’s $2.9-billion preliminary budget for next year is short, according to CFO Matt Stanski.
“With no enhancements from the city or the state, we’re looking at a shortfall of about 84.7 million dollars,” Stanski told KYW Newsradio.
But he says the school district, in its lump sum statement, is banking on $105 million in new city money and $159 million more from the state to move beyond the status quo.READ MORE: FDA Advisers Endorse Pfizer’s COVID-19 Vaccine For Young Kids
“Our target is not to balance the budget, though,” he noted. “Our target is to get $264 million in new, recurring revenues. Because we desperately need it.”
Stanski warned that should the district get all it is asking for this year, look for a jump in the following year’s per-pupil charter school costs — because those are always based on the previous year’s public school funding.
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