CC 835, ( March 1971 ) 4 pages
Detroit School Finances
The Detroit School District appears to be facing an immediate fiscal crisis of substantial proportions. If the July, 1970 through February, 1971 rate of expenditure were to continue through the remainder of the fiscal year, the June 30, 1971 deficit would approximate $30 million. The board of education has approved substantial expenditure reductions, but it does not seem likely that a sizable deficit will be avoided.