Comments on: Can Philadelphia borrow to save its schools? Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 By: 2Borknot2B Mon, 19 Aug 2013 19:36:32 +0000 Borrowing just further degrades the school system. How about budgeting and consolidating expenses. Those students will have to pay that bond off when they graduate. Unless they move to another state or city. So, really money is being borrowed at the future tax payer expense. And, tax money being diverted into the “Charter” School System is another avenue that devastates the Public School System.

By: Cate_Long Mon, 19 Aug 2013 12:57:10 +0000 Via Moody’s

The city’s emergency support reflects significant negative pressure on the district related to the growth of charter schools. Philadelphia, like many other large urban US school districts, has lost a significant number of students to charter schools, resulting in revenue diversion to charters. For the 2013-14 school year, approximately 62,000, or more than 30% of a 198,000-student population, will attend one of 84 charters
in the district. By comparison, approximately 16% of students were enrolled in charter schools in 2008.

The district has effectively lost its monopoly position as provider of public education and must compete with charters for students. A delayed school year opening, even if temporary, would further exacerbate enrollment declines as parents scramble to place children in schools outside the district.

By: rossryan Sat, 17 Aug 2013 13:09:00 +0000 Bad idea. He’s going to maintain the status quo at a very high cost.

There appears to be an art to taking out a loan: one must carefully weigh one’s ability to repay said loan, as well as whether the terms of the loan are just. One must also ask the question, “Am I asking the wrong question?” -> Is band-aiding the school district’s budget with a loan in a sour economy really the problem, or is the problem broader / larger, such that the sour economy itself is the problem?

So…he really doesn’t have any hope of repaying the loan, except to pray that the economy gets better, through magical means, by the time it’s due for repayment. And if it gets worse, well, the district will need another loan, AND the people will have to repay the old one…