Philadelphia funding plan calls for selling vacant schools

Philadelphia Mayor Michael Nutter has agreed to a school funding plan that hinges on selling millions of dollars worth of vacant school buildings. The Philadelphia Inquirer says the school district plans to post its inventory of more than 30 shuttered buildings on its website and start seek bids on the properties. The district would have to sell $61 million worth of buildings by the end of the fiscal year in June. That would cover the $50 million the city promised the district at the beginning of the school year, as well as $11 million that the district had already budgeted from building sales.