HARRISBURG PATRIOT-NEWS: …An annual survey released today by the Pennsylvania Association of School Business Officials and the Pennsylvania Association of School Administrators shows declines in financial conditions will force school districts across the state to make more cuts to personnel, course offerings, and other educational programs next year…
The loss of nearly $1 billion in federal stimulus aid and reductions in state funding of $518 million over the past five years coupled with increases in mandated school pension funding has brought critical financial problems to many Pennsylvania school districts, the report states.
Schools will pay double for pensions in 2103-14 what they paid in 2011-12, according to the report, and the pension rate schools pay is projected to be more than 30 percent of payroll in 2020. In 2009-10 the pension rate for schools was 4 percent… (more)
