10/20/2011 - As it prepares for large-scale school closings, the Philadelphia School District must brace itself for a painful process that probably won't generate much revenue, according to a report by the Pew Charitable Trusts released Wednesday.
The report, by Pew's Philadelphia Research Initiative, examined districts that have engaged in similar closings over the past decade, including Chicago, Detroit, Kansas City, Milwaukee, Pittsburgh, and Washington.
It concluded that short-term financial gains have "been relatively small in the context of big-city school-district budgets" - with real savings achieved only with mass layoffs.
Read the article Pew Report Says Phila. School Closing Plan Probably Won't Raise Much Revenue on the Philadelphia Inquirer Web site.