Pittsburgh Public Schools bracing for 'significant declines' in local revenue

The Pittsburgh Public School District announced it is preparing for "significant declines" in local revenue as a result of the economic fallout caused by the Covid-19 pandemic. According to a press release from the district, Pittsburgh Public Schools is estimating an $82 million loss in local revenue, which, in addition to increased expenditures, could put the district out of compliance with its board's minimum 5% fund balance requirement. The district currently operates on an annual budget of $665.6…