Expert: Penn Hills loan could worsen stability :
Cash-poor Penn Hills School District sailed into uncharted financial territory when it borrowed $12 million to keep the lights on after failing to secure a bigger loan, experts say.
The district is one of three in the state to seek a loan for operational expenses in the past three years.
"We've seen a bunch in tough financial shape, but not like this," said state Auditor General Eugene DePasquale. "Schools taking loans in and of themselves is pretty commonplace for a whole host of...