Schools Operator Gets Documentation Deadline
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The Philadelphia schools chief gave Edison Schools until Tuesday to provide more documentation on its financial condition or risk losing its contract to manage 20 of the city’s low-performing schools.
Paul G. Vallas said the company had not yet provided a financial report for fiscal 2002 or confirmation that a $40-million line of credit was in place.
“We will provide the district and Vallas with the documentation, and we’ll absolutely comply with the terms of our contract,” Edison spokesman Adam Tucker said.
Vallas told parents and students that, regardless of what Edison does, the schools would open on time and be staffed with “quality principals and quality teachers.”
The state seized control of the city’s failing public school system in December, leading to efforts to partly privatize the system.
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