After Gov. Sam Brownback approved changing to the state's per-pupil K-12 funding formula to a block-grant funding mechanism, some school districts headed to court to block the law.
Recently in District Finances Category
June 26, 2015
June 24, 2015
The district is strapped for cash, faces a $1.1 billion deficit, and may be unable to make its full $634 million pension payment due by the end of June.
June 24, 2015
The group of 22 school districts will work to help Normandy Schools Collaborative and Riverview Gardens school districts regain firm academic and financial footing.
June 16, 2015
Gov. Jay Nixon, who vetoed the legislature's attempt last year to fix the controversial 1993 school transfer law, has until mid-July to act on this year's version.
May 14, 2015
The downgrade reflects the pressures of rising pension obligations following a state supreme court ruling last week that changes to the state's pension law in 2013 were unconstitutional.
April 30, 2015
The current Detroit school board and manager will remain, but will have one responsibility: paying off the district's $483 million debt.
March 27, 2015
The $2.89 billion lump sum budget proposed for the 2016 fiscal year still relies heavily on state and city funds that are still pending.
March 05, 2015
As of last summer, the school system had outstanding debt and long-term obligations of more than $2.2 billion
March 02, 2015
The move comes nearly two weeks after the commission approved five of 39 applications for new charter schools. The governor wanted all the applications denied.
February 05, 2015
A report by an education advocacy group last month said that approving 40 new charter schools (the number has since declined to 39) could hike the district's charter payments to more than $1 billion annually.