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Detroit keeps cutting budget, but still has $243 million deficit
Jun 22, 2009 11:56 AM
From The Detroit News: The Detroit school system has made progress trimming its budget, but
the district is still facing a $243.7 million budget deficit
and cuts continue to be made daily, the district's emergency financial
manager says. Combining past deficits and projecting the
deficit for the upcoming fiscal year, the district's total deficit was
hovering between $410 and $430 million before cuts were made. Emergency
financial manager Robert Bobb says the $410 million to $430 million
figure includes a $139.7 million
deficit he inherited from fiscal year 2008 and a $145 million deficit
for fiscal year 2009.
