Education

Too Big to Trust? Banks, Schools and the Ongoing Problem of Interest Rate Swaps

January 17, 2012

Interest payments and cancellation fees associated with interest rate swaps and swaptions have cost the City and School District of Philadelphia hundreds of millions of dollars.

Education Funding in Final 2011-12 Budget

July 13, 2011

Public schools and universities bear the brunt of the reductions in the 2011-12 budget.

Education Funding in Governor Corbett's Proposed 2011-12 Budget

March 9, 2011

Public schools and higher education are particularly hard hit in the state budget proposed by Governor Tom Corbett for the 2011-12 Fiscal Year. Total education funding, at $9.8 billion, sustains a cut of more $1.2 billion.

Education Funding in 2010-11 State Budget

July 8, 2010

Governor Ed Rendell and the General Assembly agreed to a 2010-11 budget that provides a $250 million increase in the basic education subsidy for school districts.

Education Funding in 2009-10 State Budget

October 22, 2009

Governor Ed Rendell and the General Assembly agreed to a 2009-10 budget that honors and improves the school funding formula adopted last year and provides a $300 million increase in the basic education subsidy for school districts.

Capitolwire.com Report on Education Spending Claims

September 2, 2009

Capitolwire.com cites PBPC's analysis of education spending claims being made by lawmakers. Research Director Michael Wood: Targeted stimulus money should not be included in discussions of the state education budget.

Pennsylvania Relies Heavily on Local Taxes to Fund Education

July 30, 2009

A U.S. Census Bureau report shows that Pennsylvania funds a smaller share of public education at the state level than all but three other states, passing on a bigger share of the cost to local taxpayers.

Advocates Tell Legislature: Don't Turn Back the Clock on Education Funding

July 16, 2009

Hundreds of citizens from 20 Pennsylvania school districts came from across the state to the State Capitol today to send a message to the General Assembly: don’t turn back the clock on school funding.