February 10, 2015
Thom Carroll/PhillyVoice
The School District of Philadelphia headquarters on North Broad Street.
Philly.com reported the district's fixed costs are rising more quickly than revenue. While next school year's revenue is projected to rise $13 million, expenditures are expected to rise $100 million.
The $2.6 billion spending plan earmarks 53 percent of revenue on district-run schools, 29 percent on charter schools, 11 percent on debt service, 4 percent on out-of-district costs, and 3 percent on administrative costs.
The largest increases in spending will be $42 million for charter schools, $34 million for pensions and $5 million for debt services.
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