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District spent its way into massive shortfall

“The French novelist Honoré de Balzac once wrote: “Finance, like time, devours its own children.” The Philadelphia School District‘s administrators should take a moment to ponder that. Their financial ineptitude and gross mismanagement of public money has put the children of Philadelphia in an unfortunate position.

The district’s budget deficit for the 2011-12 school year, which stands at $629 million, has prompted talk of doing away with full-day kindergarten; cutting athletic, art, and music programs; and laying off thousands of employees, many of them teachers. . . .”

This is an excerpt from my commentary in today’s Philadelphia Inquirer, “District spent its way into massive shortfall.”  Please click here to read the entire article.  You can respond or provide feedback by clicking on the comment button below.

Thanks for reading.

–Christopher Paslay

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Filed under Dr. Ackerman's Strategic Plan, Inquirer Articles, PFT