Here's your daily look at five stories we're following:
1. Borrowing for schools: Philadelphia's City Council is slated to unveil a new plan to borrow money for the cash-strapped Philadelphia School District today. The body is also expected to pass legislation to borrow $27 million for the schools for this fiscal year.
2. Firefly festival: The popular Firefly Music Festival in Dover, Del., kicks off today. The even runs through Sunday and features more than 100 artists and bands.
3. PHA-unions agreement: The Philadelphia Housing Authority's board of commissioners will vote on a major pact between the authority and the city's building-trades unions at its monthly meeting today. The unions are agreeing to a 20-percent reduction in their wages and benefits while working on PHA residential construction projects.