Charter expansions may cost Philadelphia schools $139 million
By Kristen A. Graham
source: The Philadelphia Inquirer
Sunday July 15, 2012
The charter school expansions approved by the School Reform Commission so far this year could cost the nearly insolvent Philadelphia School District $139 million over five years - a full $100 million more than officials said at a public meeting Friday.
The School District faces a budget deficit of as much as $282 million for the 2012-13 school year. If left unchecked, its five-year shortfall would be $1 billion.