PICA says Philly finances doing better, schools still in big trouble
By thenotebook on Jun 18, 2013 02:33 PM
by Tom MacDonald for NewsWorks
As the budget process in Philadelphia nears a conclusion, the group that oversees the city's finances is cleaning off its magnifying glass to take a look.
Sam Katz, head of the Pennsylvania Intergovernmental Cooperation Authority, says that with the city receiving a boost to its bond rating this week, taking care of the public schools appears to be the biggest problem. He says the city, state, and Philadelphia Federation of Teachers all need to be part of the solution.