School District Debt Crisis Deepens | Pittsburgh News

The River Valley School District is in financial crisis, facing a $5 million debt due by June 30—and no funds to pay it. In a special meeting, the board approved a plan to cover the shortfall and requested a new $4 million loan for next year. Board member Beverly Caranese blames a $24 million bond for the stadium and STEAM Academy for the mess, while President Rick Harper argues the stadium didn’t increase overall debt. The board also approved a $37 million budget with a 2% tax hike, varying by county. Meanwhile, Superintendent Philip Martell is stepping down tomorrow—despite two more years on his contract—with the district still responsible for his and his wife’s healthcare for the remainder of the term. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f8f8d48dd7d4424a