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24 Jul 2017

CORP Policy Brief: Are PA Schools Holding Too Much in Reserve?

A recent policy brief from the Center on Regional Politics, “Explaining School Fund Balances: Are PA Schools, with a $4.7 Billion Fund Balance, Holding Too Much in Reserve?” provides data on the status of fund balances for Pennsylvania’s 500 school districts at the end of fiscal year 2015-16. The brief and supporting interactive maps and graphics show that total reserve funds have increased by about $800 million since 2012-13, from $3.9 billion to $4.7 billion. They also show that the flexible reserves of most districts (439 of 500) are within or even below the minimum standards recommended by bond raters and government finance professionals and allowed by state law.

Read the news post with interactive graphics and a map showing PA school districts’ unassigned balances as a percent of expenditures with overlays of PA House and Senate districts.