State Bailouts to Erase School District Accumulated Deficits

Memo 1113, June 2012

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.


282 Downloads

Related Post

Leave us a reply

*

*