Philadelphia School District to tap $25 million in reserves

Already facing a budget gap of more than half a billion dollars for 2011-12, Philadelphia School District officials said Wednesday that they must dip into reserves for $25 million just to balance this year's budget.

Source: http://www.philly.com/r?19=961&43=166721&44=119825654&32=3796&7=195342&40=http%3A%2F%2Fwww.philly.com%2Finquirer%2Ffront_page%2F20110414_Philadelphia_School_District_to_tap__25_million_in_reserves.html

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