12/05/2012 10:04 EST | Updated 02/04/2013 05:12 EST

Toronto school board to decide on outside help with finances

The Toronto District School Board did not meet today's 5 p.m. deadline on the province's offer to help the board rein in its spending.

After an independent audit revealed massive overruns and criticized capital spending projects, the minister of education, Laurel Broten, offered a “special assistance team” of advisors for the TDSB.

“I think there is some good advice that could be sought from experts that could help the TDSB, that could help get themselves into a position where we would be able to unfreeze that freeze and see them be able to be eligible for approvals if and when they come up in the time ahead,” Broten said.

The meeting Wednesday night was initially supposed to be an open door meeting but instead remained closed.

The committee for planning and priorities discussed the advisory committee offerm which would help them with finances and overruns on maintenance, construction and capital projects.

The PricewaterhouseCoopers report is expected to be made public Thursday.