Philadelphia, February 14, 2012 –Mayor Michael A. Nutter issued a statement regarding the Independent Auditor’s Report issued by City Controller Alan Butkovitz:
“It has been evident for some time to everyone that the School District has been experiencing financial challenges since at least last year and through the current fiscal year and into the next. We now have a much better picture of what the District’s challenges are. The key here is that the SRC and Chief Recovery Officer Tom Knudsen are keenly focused on those financial challenges and are working with me and my Administration on a daily basis to address those challenges. We will ensure financial stability, fiscal discipline and continued operations of the School District of Philadelphia on behalf of our children, their parents, teachers and the City of Philadelphia.”
