Over the past five years, the funding crisis in the School District of Philadelphia has become well known to everyone in the region, as well as many people across the country. As a result of cuts in state and federal funding during the summer of 2011, the district faced a deficit in excess of $600 million for fiscal 2012. In preparing the fiscal 2013 and 2014 budgets, the School District faced gaps in excess of $300 million.