David I. Backer

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The School District of Philadelphia estimates it needs at least $7 billion for repairs and upgrades to its aging buildings. AP Photo/Matt Rourke

Philly school buildings are in terrible shape − reliance on the municipal bond market to fund repairs exacerbates the crisis, new analysis finds

David I. Backer, Seton Hall University

The Philadelphia School District has spent an estimated $130 million per year − adjusted for inflation − on interest and fees over the past 30 years.

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