As I reported in today's paper, the Philadelphia School District is poised to undergo a massive restructuring - a complete change in the way schools are organized and run. 
Its leaders are planning to close 40 schools next year and an additional 24 more by 2017.
The district faces a $218 million shortfall for fiscal 2013, more than initially announced, and that number could rise.
Officials want to get $156 million in savings from restructured benefits and wages.  They want to shrink the central office even further.  They want to realize $149 million in savings from chater schools.
District leaders declined to confirm any of these details to The Inquirer, but released them to staff and to City Council in briefings yesterday.  However, they will hold a news conference scheduled for 10:30, and I'll live Tweet from that.  So, follow along here...