Do what Kalifornia does. Raise taxes. It’s for the chilrun!
Of course it would never occur to them to cut the members of the Commission or reduce their salaries and overhead.....oh no.
Misnomer - borrow would imply it’s intended to be paid back.
1) Why wait until the end of the year?
2) Why borrow at all? Make cuts now!
3) Why spend $100M in interest to simply postpone by a year having to fire teachers and reduce benefits?
4) Do they really think they can afford current ops + $20M in additional interest a year or is this simply a scheme to intentionally default and expect the state to pick up the tab?
WHO is “lending” them 300 MILLION that will NEVER be paid back!! They don’t GENERATE any money, so how would this possibly be paid back.....don’t tell me “bonds”.
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The kids can’t read in Philly - why bother with the illusion of ‘teaching’. Offer the so called teachers 75% of their paychecks for life and let them sit at home. We’d save that much on school upkeep. It’s time to quit pretending. No one needs a degree to collect Social Security Disability.