A staggering increase in cyber charter fund balances - Education Voters PA

A staggering increase in cyber charter fund balances - Education Voters PA

As the budget impasse drags on, the state has missed $1.75 billion in payments to school districts. Some school districts are drawing money out of their fund balances (savings accounts) to pay their bills. Districts that lack adequate fund balances must borrow from banks and take out lines of credit to pay their bills. These districts will pay untold millions of dollars in bank fees and interest payments and be forced to reduce the opportunities…