School Districts' Fund Balances Grow Despite Budget Squeeze
Despite claims of severe budget cuts, school districts’ fund balances—their rainy day funds—grew last year.
School districts increased their fund balances in 2011-12 by more than $200 million. As of June 2012, they held $3.5 billion in total reserve funds.
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The Commonwealth Foundation is Pennsylvania's free-market think tank. The Commonwealth Foundation crafts free-market policies, convinces Pennsylvanians of their benefits, and counters attacks on liberty.