School’s out forever? Fiscal future in doubt

School Reform Commission chair has his hands full with another massive financial deficit predicted for next year.

City Controller Alan Butkovitz raised questions yesterday about the district’s future financial viability in a letter to the Philadelphia School District’s new chief recovery officer, Tom Knudsen.

The letter is part of an audit by Butkovitz of the district’s financial statements. In it, he asked whether the district had the authority to make cuts necessary to close its $61 million deficit and asked how it planned to address a $269 million “structural deficit” for next year that could grow larger.

“Because the conditions raise serious concerns about the district’s continued viability, it is imperative that the school district explain to us, as quickly as possible, how they plan to deal with the adverse effects of the conditions we outlined,” Butkovitz says in the letter.

The district responded by saying it will address all of the controller’s concerns and that it does have the authority to implement the gap-closing measures.

“It is important to note that there has been no finding that the district cannot continue as a ‘going concern.’ The district continues to meet both its debt service obligations and payroll,” the district’s statement reads.

Knudsen was appointed last week to help pare down the district’s expenses. He will work through June for $150,000.

The district has made more than $460 million in reductions since September, but has been stymied by lower revenue and less-than-expected savings from union contracts. The remaining options are all bleak, such as drastic cuts to school police and the elimination of spring sports and gifted programs.



News
Entertainment
Sports
Lifestyle
Local

NYPD: Suspect fleeing traffic stop shot by cop…

The NYPD said an officer temporarily reassigned for the Summer All Out program shot a suspect who slammed into two NYPD cars and hit a cop in Brooklyn.

Local

De Blasio and first family will travel to…

Mayor Bill de Blasio and New York City's first family will travel to Italy later this month for a summer vacation.

Local

TIPS: How to take great photos during 'Manhattanhenge'

Grab your camera and make the perfect picture this Saturday.

National

Seinfeld emoji cound be available next week

Get your puffy shirts and your marble rye ready, America. Seinfeld emoji could become available as early as next week.

Gossip

PHOTOS: Topless Cara Delevingne advocates for 'Free the…

Supermodel Cara Delevingne is never one to shy away from the gaze of social media. Yesterday, she chose to advocate for the 'Free the Nipple' campaign via Instagram, where she…

Gossip

PHOTOS: Axelle Despiegelaere AKA "most beautiful" fan gets…

Axelle Despiegelaere, the "most beautiful" soccer supporter of this year's World Cup, was fired by L'Oreal for a hunting photo on her Facebook account.

Television

Final season of 'Glee' will be only 13…

The final season of "Glee" will officially be only 13 episodes, instead of the usual 22.

Entertainment

Complex characters, juicy scripts boost Netflix's Emmy nominations

The unconventional approach to TV at Netflix netted 31 Emmy nominations, a major achievement after plunging into original programing just last year.

NBA

GIF: LeBron James returns to Cleveland so deal…

To anyone out there who is upset about his decision, this .GIF is for you. Enjoy.

World Cup

A game of two popes: Vatican plays down…

By Philip PullellaVATICAN CITY (Reuters) - With Argentina meeting Germany in the World Cup final, the Vatican on Friday brushed aside talk of soccer rivalry…

NFL

Which Jets player has the best odds at…

Metro New York asked Bovada.LV to rank the top three contenders for the NFL MVP on the Jets.

World Cup

Argentina prevails in penalties, advances to final

The drama never seems to subside as the World Cup finally has its final two.

Wellbeing

Fart gas might prevent cancer

You might not like the smell, but fart gas might help prevent cancer.

Tech

Mesh sheds light on top 10 dating deal…

What are New Yorkers' top 10 dating deal breakers? Find out here.

Wellbeing

This Week in Health: Sexual headaches can be…

Sexual headaches: an under-discussed health issue Location: U.S. Results: If getting frisky brings on a headache, you’re not alone. Headaches associated with sexual activity represent a…

Food

Head to FiDi for free Chia Pods from…

They may have been last summer's darlings, but chia seeds have definitely not gone out of style. A great source of omega-3 fatty acids, they…