After it was revealed late Tuesday that the Philadelphia School District could be facing a $400 million budget gap for the coming year, City Controller Alan Butkovitz is calling for oversight.
Butkovitz suggests the district report to the Pennsylvania Intergovernmental Cooperation Authority, the same agency that led the city out of bankruptcy in 1990.
PICA would oversee finances and approve a five-year budget from the district, reports the Philadelphia Inquirer. Now that the two-year stimulus funding is drying up, the district is facing an uphill battle.
Mayor Nutter said he’ll leave the financial decisions to the School Reform Commission.
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