Superintendent William Hite has some lofty goals for Philadelphia school funding: a minimum of $320 million per year.
The School District said that it needs the money — along with the $120 million of recurring revenues from the 1 percent sales tax continuance — to provide "a minimum amount of improved and sustained educational opportunities" for students.
Here's more from its newly released report Action Plan v2.0 Financial Supplement: Getting to Great:
Approximately $80 million of this recurring funding would go to closing a new anticipated budget gap (due to increased expenses for pensions and charter school growth), to ensure that students are provided the same level of service. The difference of approximately $240 million will allow the District to provide additional supports to our schools and students. These services will provide the incremental support our schools and the system needs to reverse the tide of underinvestment and under performance.
It goes on to explain why the District's biggest expenditures take up so much of its budget: Read more about this story on PBJ.com.