Wilkinsburg School Board Considers $3 Million Loan to Finish Year
Fiscal ramifications of charter schools and inadequate deliquent tax collection blamed for money woes, business manager says.
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Wilkinsburg School Board met last night to discuss a plan to borrow $3 million to help the cash-strapped school district to meet its financial obligations through the end of the school year.
The Post-Gazette reports that Bruce Dakin, business manager, said the fiscal ramifications of charter school payments has resulted in the district's financial woes. The district spends between $3.5 and $4.5 million on charter school payments, a number that has increased in the past five years.
Superintendent Archie Perrin added that there has not been an aggressive effort to collect about $20 million in delinquent taxes.
To see the full Post-Gazette story, click here.
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Todd Anderson
9:48 am on Wednesday, February 20, 2013
The article fails to mention that the Wilkinsburg School District had an accounting error that lead to this shortfall. It's unfortunate that the district is blaming the charter schools for a problem that it's accounting error caused.
TwoFists
11:47 am on Wednesday, February 20, 2013
Ummmmm, why don't you start going after those that aren't paying their taxes? Not a short-term cure, but if you borrow money to pay for taxes then the very next thing you do is go after the delinquent taxes.
mike
3:08 pm on Wednesday, February 20, 2013
that is unbelievable that they've got $20 million in unpaid taxes to the school... and are complaining about charter schools requesting $4.5 million in payments. how about make those who owe taxes PAY UP instead of making excuses and shifting blame.