Philly Schools Facing $320 Million Deficit

English: South Philadelphia High School, taken...

English: South Philadelphia High School, taken from Broad Street, with snow in the foreground (Photo credit: Wikipedia)

FOR THE SECOND straight year, the Philadelphia School District is staring at a more than $300 million shortfall for the fiscal year beginning July 1.

That’s according to a lump-sum budget adopted last night by the School Reform Commission, which lays out broad projections of revenue and expenses. The forecast anticipates $2.8 billion in expenses, with $2.5 billion in revenues, leaving a deficit of $320 million.

“Based on our current financial picture, we are still left without adequate funding to provide even the most basic services for our students,” SRC chairman Bill Green said. “We are again in a position to ask for additional funding.”

Read more at http://www.philly.com/philly/education/20140328_Philly_schools_facing__320_million_deficit.html#P7Hcx2qtfSuo52VT.99

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2nd Winner Of $636M Lottery Jackpot Comes Forward

Map of California showing the primary cities a...

Map of California showing the primary cities and roadways (Photo credit: Wikipedia)

SAN JOSE, Calif.California Lottery officials say the second of two winners of the $636 million Mega Millions jackpot has come forward to claim the prize.

Steve Tran of Northern California came forward Thursday afternoon, 16 days after officials revealed there were two winning jackpot tickets.

The other winner, Ira Curry, is from Georgia and came forward to claim her prize Dec. 18. Lottery officials there say she opted to take the lump sum payment of about $120 million after taxes.

The winning ticket in California was purchased at a gift shop in San Jose. The gift shop owner will receive $1 million.

Read more: http://www.ydr.com/nation-world/ci_24840456/2nd-winner-636m-lottery-jackpot-comes-forward

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