Recently in District Finances Category

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August 27, 2015

Chicago District Approves $5.7 Billion Budget That Relies Heavily on Outside Aid

The district is banking on state assistance, a property tax increase, and borrowed funds to get through the school year.

August 18, 2015

Pennsylvania Amends Financial Recovery Plan for Chester Upland District

The Wolf administration says that without drastic steps the district, which has a growing annual deficit, will not open its schools this year.

August 13, 2015

N.Y. State Picks Ex-NYC Chief Walcott as Monitor of East Ramapo Schools

A report released last year found fiscal mismanagement and governance issues in the East Ramapo school district and said that the board appeared to favor private schools over public schools.

July 31, 2015

Chicago Changes the Start Time at 82 Schools To Save Money

Chicago is staggering the start of the school day in a move it hopes will cut $13.5 million in transportation costs.

July 29, 2015

'Technical Issues' Delay Pay for Detroit School Employees

A district spokeswoman said the delay was not related to whether the district had enough money to cover payroll.

July 16, 2015

Rahm Emanuel Names New Leaders for Chicago Schools

The new leadership team comes to a district facing a host of financial challenges, including a $1.1 billion budget deficit in the upcoming school year.

July 16, 2015

A New Leader for Embattled Chicago Public Schools?

Reports say that Forrest Claypool, Mayor Rahm Emanuel's chief-of-staff and former head of the city's transit authority, will be appointed as CEO of the nation's third-largest school system.

June 26, 2015

Kansas Court Rules Portions of State's New Funding Law Unconstitutional

After Gov. Sam Brownback approved changing to the state's per-pupil K-12 funding formula to a block-grant funding mechanism, some school districts headed to court to block the law.

June 24, 2015

Chicago Public School District Owes $634 Million in Pension Funds. Can It Pay?

The district is strapped for cash, faces a $1.1 billion deficit, and may be unable to make its full $634 million pension payment due by the end of June.

June 24, 2015

St. Louis-Area School Systems Band Together to Help Unaccredited Districts

The group of 22 school districts will work to help Normandy Schools Collaborative and Riverview Gardens school districts regain firm academic and financial footing.

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