The package of bills will help Detroit schools pay off $467 million in operating debt and provide $150 million in start-up funding for a new debt-free district.
Recently in School District Finances Category
June 22, 2016
May 05, 2016
The Chicago Teachers' Union has proposed what it calls a "recovery package," which it says could raise about $502 million for the financially-beleaguered school district.
May 04, 2016
Coordinated teacher sickouts had closed 94 of the district's 97 schools Monday and Tuesday, leaving tens of thousands of students out of class.
May 03, 2016
The union protests comes at a time when state lawmakers are weighing a $715 million aid package to save the district from financial collapse.
May 02, 2016
The protest comes in response to an announcement that the district will run out of money at the end of June and may not be able to pay teachers for work they've already done.
April 18, 2016
After the Chicago Teachers' Union rejected a fact-finder's recommendations on a new contract, the school district has called for the teachers' union to drop the strike talk and return to the bargaining table.
April 17, 2016
A fact-finder's report recommended that a contract between the Chicago Teachers Union and the school district include terms about salary, pension contributions, and healthcare from a January offer that the union had already rejected.
March 29, 2016
The 48 districts said the state has miscalculated state aid for about 22 years and that the mistake has cost disadvantaged districts million of dollars.
March 24, 2016
The Chicago Teachers Union has called the impending walkout a "day of action" The union called for the labor action after the school district announced three furlough days.
March 15, 2016
Districts are dipping into reserves, cutting programs, and borrowing huge sums of money to stay afloat during the Pennsylvania budget impasse, according to the state's school boards association.