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Cherelle Parker: “We have to have a balanced budget for five years in a row.”

Featuring: Cherelle Parker, Democratic | Mayor of Philadelphia | Pennsylvania

Mayor Parker addresses Philly School District budget funding: FULL PRESSER

Published June 10, 2026 | Video Starts at 23:54

It may not have felt like that when they were doing it, but I think it's one of the best fiscal policies that we could have and that is that We have to have a balanced budget for five years in a row. And then that budget and that funding has to be approved by PICA here in the Commonwealth of Pennsylvania through a state law. (23:54–24:00)

CLAIM

Asserts that Philadelphia is required to maintain a balanced budget for five consecutive years.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Cherelle Parker

“The $300 million structural deficit facing our School District of Philadelphia [is] the result of the expiration of federal Covid relief…”
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“We have a plan to modernize and rebuild 169 schools.”
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“The uniformity clause prevents the city of Philadelphia from charging different tax rates on different classes of property.”
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“We had 340 school-based positions within the School District of Philadelphia that were critical to the progress that our students were…”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 03:10-03:27
“We have been able to find the recurring revenue in our five-year plan that the School District of Philadelphia needed to stave off those 340…”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 03:55-04:18
“We would find a predictable and recurring revenue source for the School District of Philadelphia that would add up to $50.4 million.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 04:36-04:52
“There is no new, predictable and recurring revenue source in the budget that we will actually end with on tomorrow.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 05:03-05:14
“City Council of Philadelphia took a big step in ensuring a $48 million in revenue for the School District of Philadelphia in FY27.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 07:08-07:20
“We have not identified the source of that revenue, but what we have committed to is ensuring that it happens.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 09:48-09:58
“The goal was to announce the plan that is balanced for five years that will prevent 340 school based cuts from occurring here in the city of…”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 10:00-10:14
“A one-time contribution of $50 million in one year of our budget was not enough to sustain those 340 positions.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 22:43-23:03
“That budget and that funding has to be approved by PICA here in the Commonwealth of Pennsylvania through a state law.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 23:59-24:11
“Those 340 positions, they are funded in each year of our five-year plan.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 24:10-24:29
“We needed a predictable recurring revenue source for the school district of Philadelphia because it is facing a structural deficit.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 25:04-25:14
“I proposed a $1 ride share tax that was not passed in the City Council of Philadelphia.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 26:10-26:19
“We have limited revenue generating capacity.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 27:24-27:28
“We knew we could not look at a property tax.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 27:39-27:42
“In many and most instances, we have to go to the Commonwealth of Pennsylvania for what is called enabling authority.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 27:57-28:08
“We're facing right now an immediate crisis of potentially losing 340 essential, essential workers in the school district of Philadelphia.”
Mayor Parker addresses Philly School District budget funding: FULL PRESSER | Uploaded June 10, 2026 | 30:33-30:46
“We directed our teams to meet to figure out a way to hammer out a path to fund those 340 positions for five years.”
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