Legislation proposed today in Harrisburg would set up an office of financial recovery to monitor districts that have signs of financial distress and provide technical help.
After state Senate Education Committee hearings about how to help financially distressed school districts, Sen. Jeffrey Piccola, R-Dauphin, committee chairman, announced the proposal, aimed at helping such districts get back on their feet.
Under the bill, which is SB 1450, a school district would enter financial recovery status upon declaration by the state education secretary if certain events take place. Those include failing to pay employees or seeking an advance on state money.
Click here to read the full article published in the Pittsburgh Post- Gazette ( March 13, 2012)