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Schools brace for budget cuts as the coronavirus wreaks havoc on the economy

The economy’s rapid slide has created uncertainty for leaders who had prepared initial budgets for next year based on local and state revenues projected pre-coronavirus. Now, with businesses closed and unemployment skyrocketing — imperiling tax collections — no one is sure what to expect.

Philadelphia Mayor Jim Kenney and Philadelphia School District Superintendent William R. Hite Jr. outside John H. Webster Elementary in March. The district is facing a budget shortfall due to the coronavirus that Hite said "has the potential to erase all of the progress we have made over the last eight years.”
Philadelphia Mayor Jim Kenney and Philadelphia School District Superintendent William R. Hite Jr. outside John H. Webster Elementary in March. The district is facing a budget shortfall due to the coronavirus that Hite said "has the potential to erase all of the progress we have made over the last eight years.”Read moreMONICA HERNDON / Staff Photographer