City Controller Alan Butkovitz told top officials at the School District of Philadelphia today that he continues to have doubts about the system's financial viability and will be required to state those concerns in documents provided to bond-rating agencies.
"To date, school district information we have obtained and analyzed provides substantial doubt among my professional audit staff, and strongly indicates a troubled organization," Butkovitz wrote in a letter this morning to Thomas E. Knudsen, the district's chief recovery officer.
And, the city controller pointed out that Feather Houstoun, who heads the Philadelphia School Reform Commission's finance committee, said two weeks ago that without intervention "the school district was going to have such a pile up of a cash deficit that we're basically not going to be able to pay people in July for work they did in June."
