Philadelphia seeks loans to avoid school delay

Friday, August 16, 2013

Philadelphia Mayor Michael Nutter on Thursday said the city will seek to borrow $50 million to avoid a delayed start to the public-school year for 136,000 students.

A cash infusion would enable schools Superintendent William Hite Jr. to rehire 1,000 counselors, assistant principals, aides and others who were among 4,100 employees laid off earlier this year as part of budget cuts.

Mr. Hite had said that if he didn't receive funds by Friday, the district wouldn't be able to open all of the city's 212 schools on Sept. 9.

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