For Philadelphia not to go the way of bankrupt Detroit and to ensure that schools open on time in September, it needs a loan of 50 million US Dollars which does not even guarantee full extracurricular activities/ other programmes and maximum resumption of the entire teaching staff.
The abnormal situation according to Mark Makela, NY Times is due to politics and long time structural problems. It should interest you that Chicago and Los Angeles are also having financial hiccups while Detroit, the largest American City filed for bankruptcy last month
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