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Detroit schools face $45 million deficit
May 16, 2008 12:15 PM
The Detroit Public Schools system is facing a $45 million budget shortfall that, if unresolved, could potentially put the 106,000-student district under state oversight for the second time in a decade. Failure to address the shortfall could put the district in default of a state-mandated plan to erase a $210 million debt. To avoid a deficit, the district must find ways to cut expenses or use money from other funding sources--a tall order six weeks before the end of the fiscal year.
Click here to read The Detroit News article.
