Chester Upland District Runs Out of Money, Lawsuits Underway
The Chester Upland School District, one of the poorest and lowest performing school systems in the state of Pennsylvania, has run out of money. The current school board and administration, which gets about 70 percent of its budget from the state, say they need an advance of $18.7 million, which had previously been promised by the state.
Hoping to avoid a shutdown, the school filed a lawsuit against the state January 12, declaring a “cash-flow crisis” and asking a judge to force Pennsylvania State Education Secretary Ronald Tomalis to infuse cash immediately into the district so that it may continue to educate K-12 students.
Meanwhile, teachers and staff have vowed to continue working and keep the schools open, but many parents, fearful of a negative outcome from the courts and state, are seeking other options to educate their children.
According to the lawsuit, between 2006 and 2010 the district’s budget rose from $85 million to $113 million and the workforce grew from 590 to 735. Enrollment over that same period fell from 4,600 to 3,700. The complaint suggests that the district’s charter school payments, about $43 million for the current school year, have contributed to its financial crisis. Deflated real estate values responsible for low tax revenue to support the schools, combined with the near-inability to pay taxes from an economically disadvantaged population, make the Chester Upland school district a public education conundrum.
The district was declared financially distressed by the state in 1994, when it was taken over by a state oversight board. Then, in 2001, the system was handed over to the for-profit education management organization Edison Schools which left only four years later. Edison claimed they had not been paid millions of dollars in fees.
At this time, the state of Pennsylvania is expressing concern that the Chester Upland district is mismanaging its finances. According to Tim Eller, an Education Department spokesman, advancing the money will not fix the endemic problem with the district. “The mismanagement of money is the utmost concern,” he said.
Cash Advance To Start A Lawsuit - News
“When faced with cash crunches from week to week, the Mets routinely and confidently relied on future Madoff returns to bridge the gap,” and any excess cash went back into Madoff's firm, Picard said in a Feb. 9 filing in US District Court in Manhattan.
The $26 billion agreement includes $5 billion in cash for states, $17 billion to help borrowers in the form of mortgage debt forgiveness, forbearance and short sales, and $3 billion in refinancings to lower homeowners' interest rates, the official said
Hoping to avoid a shutdown, the school filed a lawsuit against the state January 12, declaring a “cash-flow crisis” and asking a judge to force Pennsylvania State Education Secretary Ronald Tomalis to infuse cash immediately into the district so that
The bank, which “went out of its way to try to help Lehman prior to its bankruptcy filing,” will fight the lawsuit, she said. According to Lehman, Citibank has said it's entitled to $2 billion of the defunct firm's cash to secure its claims on Lehman,
The lenders known to be controlled by the defendants include: Action Payday, Bottom Dollar Payday, Everest Cash Advance, Paradise Cash Advance, Red Leaf Lending and The VIP Loan Shop. McDaniel's lawsuit seeks an injunction to prohibit the defendants
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