Philly Schools Have to Borrow Money to Stay Open

Morning headlines: The budget stalemate in Harrisburg has left the school district almost broke.

School District of Philadelphia

Photo by Jeff Fusco

Good morning, Philadelphia. Here’s what you need to know today:

The Philadelphia School District has to borrow money to keep the lights on.

The budget logjam in Harrisburg has left the school district nearly broke. Officials say they will soon need to borrow money to keep schools open, but it’s unclear exactly how much funding they will seek or what the debt service will cost. “You have to find someone who’s willing to lend you the money,” says district spokesman Fernando Gallard. “And you gotta figure out how much they’re willing to lend you, and what are the rates and all the requirements they have.” NewsWorks reports that the district borrowed $275 million at the beginning of the school year, at the cost of $1 million in debt service.

Attorney General Kathleen Kane vows to release … you guessed it … more porny emails.

The same day that Kane lost her law license, she promised to release emails from Supreme Court Justice J. Michael Eakin. “She said one showed an obese, naked woman with a pig nose and pig tail and was captioned, ‘How to tell when your house is infected with swine flu,'” reports The Morning Call. “Another depicted a passed-out college girl, thanking ‘Senor Tequila, Mr. Daniels and Mr. Guinness.’ A third showed a boy licking a nude Barbie doll.”

Joe Biden is not running for president.

The Scranton native made it official Wednesday. “Unfortunately, I believe we’re out of time,” he said. “The time necessary to mount a winning campaign for the nomination. But while I will not be a candidate, I will not be silent. I intend to speak out clearly and forcefully.” Congressman Brendan Boyle, who tweeted earlier this week that a source told him Biden would throw his hat in the ring, apparently got bad information. (Politico)

The PPA is hiking its fees for payments made online and over the phone.

If you get slapped with a parking ticket, it will now cost an extra dollar to pay up online or on the phone. PPA executive director Vince Fenerty told CBS that the agency is simply passing along additional costs it has incurred. “We get charged by the credit card company and our fees are going up and we have to watch our bottom line so the profits go to the city and the school district,” he says.

Gov. Chris Christie will be part of the third Republican debate next week.

He made the cut “by averaging the minimum 3 percent in opinion polls conducted by ABC, CBS, NBC, Fox, CNN and Bloomberg and released from Sept. 20 to Oct. 21,” reports The CNBC debate will take place on Oct. 28 at 8 p.m.

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