A few bullet points:
-The overall spending plan is $2.5 billion. It contains a $218 million budget gap that will have to be made up through borrowing. The district already spends 10 cents of every dollar on debt service.
-That $218 million gap is an optimistic figure that assumes the mayor's Actual Value Initiative will pass City Council, giving the district $94 million. AVI doesn't have enough votes to pass at the moment, and there's some movement in Council to delay it by a year. The $218 number also assumes that a court decision that would essentially allow charter schools to expand without district approval will be altered.
-The budget banks on $156 million in givebacks from district unions. (Jerry Jordan, president of the Philadelphia Federation of Teachers, has already balked.)