When in doubt, pray.
November 8 2012
Philadelphia's school commission borrows $300 million to pay its bills http://t.co/OmTJsvNL
November 09, 2012
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Philadelphia's school commission borrows $300 million to pay its bills
The Philadelphia School Reform Commission moved Wednesday to borrow $300 million - money it needs just to pay teachers, heat buildings, and buy books for the rest of the school year. Chairman Pedro Ramos made it clear that the SRC's back was to the wall and that the state of its finances constituted "dire circumstances" for the district.
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