Bobb’s Latest Plan: Two DPS Districts

View Comments
BOBB, ROBERT AT DPS SCHOOL
Grow your business smarter.

Visit CBS Detroit's

Small Business Center.

The newest chapter in Detroit Public Schools could soon be similar to bankruptcy.

The district’s emergency financial manager, Robert Bobb, is considering an “out of the box” idea to deal with the district’s nearly $330 million budget deficit.

vickie thomas Bobbs Latest Plan: Two DPS Districts“It would actually create two” Detroit Public School districts, Bobb told WWJ’s City Beat Reporter Vickie Thomas exclusively. “One would eliminate the deficit; it would be like a DPS into this one – DPS Corporation One or old corporation. And, then DPS Two to be a NEWCO – a new corporation – that would basically start over,” Bobb said.

Bobb went on to say that this is something that’s never been done before in the public sector.

Bobb said the move is not bankruptcy, but would have similar effects because the new corporation would begin without being saddled with a deficit.  

Copyright, 2010. WWJ Newsradio 950, All Rights Reserved.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,974 other followers