State Bailouts to Erase School District Accumulated Deficits
Memo 1113 ( June 2012 ) 5 pages
Beginning in the fall of 2012 all educational services in the Muskegon Heights School District will be turned over to a charter school operator and the District will no longer be involved in the direct provision of such services under a plan proposed by the state-appointed emergency manager. This plan would be implemented under Public Act 4 of 2011. As part of this “charter conversion” plan, the District’s multi-year accumulated operating deficit, projected to be $12 million as of June 30, 2012, effectively will be eliminated through a state bailout.