Poorer Pennsylvania districts risk loan access amid budget stalemate
Standard & Poor's pulled ratings on a state program that backs school bond loans, citing uncertain state aid and delayed budgets. Major districts including Philadelphia Reading Bethlehem Scranton Erie and York face higher borrowing costs or blocked financing as unpaid bills mount and total district borrowing nears one billion dollars with potential rise past the new year.
MENTIONED IN THIS ARTICLE
Harrisburg
Pennsylvania
Standard & Poor’s
Credit Rating Agency
Standard & Poor's
Standard & Poor
John Sugden
Philadelphia
Reading
Bethlehem
Scranton
Erie
York
Pennsylvania State Public School Building Authority
Pennsylvania Treasury Department
Christopher Craig
Badams
State Auditor General
Eugene DePasquale
Wilmington weighs options on 2016 17 budget plan
The Wilmington Area School Board unveiled a preliminary budget to keep options open for raising taxes above the state index of 3.2 percent for 2016 17. Revenue is expected at 20.17 million with expenses at 21.31 million, driven by higher Public School Employees Retirement System costs. The board will display the budget until the Jan. 18 meeting when adoption is expected. final decisions come in spring.
MENTIONED IN THIS ARTICLE
Wilmington Area School
Pennsylvania Department of Education
Wilmington
Bo DiMuccio
Lawrence County
Mark Longietti
Mercer County
Evelyn Williams
Love the Coopers Enjoys Four Generations at Westgate
The Cooper clan gathers for their annual Christmas Eve celebration as surprise guests disrupt the night. Family bonds and holiday spirit are rekindled in this ensemble comedy showing at Westgate Cinemas through Thursday.
MENTIONED IN THIS ARTICLE
Love the Coopers
Pension reform debate swells over school district costs
Legislators weigh shifting future pension costs through 401(k) style plans while current employees face more risk. Selinsgrove and Crawford districts brace for rising retirement charges. a one year reprieve proposal would cut next year’s spike by half but leaves unfunded obligations unresolved. Teachers like New Castle’s Michael Spelich argue reforms are needed but oppose 401(k) style shifts for current staff.
MENTIONED IN THIS ARTICLE
Thomas Washington
Crawford Central
Crawford County
Longietti
New Castle Junior High
Michael Spelich
Spelich
Jfinnerty
Cnhi.com
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Tom Wolf
State Capitol
Capitol
Mary Grebieniak
New Castle News
m_grzebieniak
Ncnewsonline
Warrior Run
Selinsgrove Area
Snyder County
Senate
Chad Cohrs
Allprorolloff
Eues
Derry
Angelica
Ermani's
Mercer Street
New Castle
Www
Pulsepoll.com
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