Philadelphia City Council agrees to borrow $30M to aid schools

Monday, June 23, 2014

The process was ugly at times - school officials and Council battled for weeks over the district's finances, while education advocates bombarded City Hall with protests of marching, sign-waving students.

But Thursday, after Council agreed to borrow $30 million more toward the district's $216 million deficit, the combatants expressed nothing but relief and gratitude.

School Superintendent William R. Hite Jr., who had a handful of testy exchanges with Council members at recent hearings, said the money would stave off any district layoffs for the time being.

"This is gigantic," he said. "It closes the gap pretty significantly."

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