Friday, April 18, 2014
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Sanchez bill seeks new school funding formula

In another effort to pull the beleaguered School District of Philadelphia out of its fiscal slump, Councilwoman Maria Quinones-Sanchez introduced a bill today that funnels a greater percentage of property taxes from the city to the school district.

Sanchez bill seeks new school funding formula

Philadelphia Councilwoman Maria Quinones-Sanchez. (CLAUDIA VARGAS/Staff)
Philadelphia Councilwoman Maria Quinones-Sanchez. (CLAUDIA VARGAS/Staff)

In another effort to pull the beleaguered School District of Philadelphia out of its fiscal slump, Councilwoman Maria Quinones-Sanchez introduced a bill today that funnels a greater percentage of property taxes from the city to the school district.

As it stands, about 45 percent of property tax revenues go to city coffers, while the remaining 55 percent are dedicated to the school district. Sanchez’s bill would tip the scales so that 40 percent goes to the city and 60 percent to the school district.

The councilwoman claims that the shift could mean at least $50 million more in school funding without affecting tax rates.

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Chris Brennan, a native Philadelphian and graduate of Temple University, joined the Daily News in 1999. He has written about SEPTA, the Philadelphia School District, the legalization of casino gambling, state government, the mayor, the governor, City Council and political campaigns. E-mail tips to brennac@phillynews.com
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