Crisis feared as pension costs skyrocket, education funding falls

SCRANTON TIMES-TRIBUNE: Northeast Pennsylvania school districts have a math problem to solve: How to absorb $143.8 million in funding cuts and pay $82.6 million more for pensions, a Sunday Times analysis reveals.

The sharp decline in state funding since Tom Corbett became governor and skyrocketing pension costs have districts depleting reserves, calling for reform and fearing more layoffs will be needed…

“Unless the Legislature does something to address the crisis, you’re going to see district after district go bankrupt,” Scranton Superintendent William King said… (more)