Report Offers Update On Michigan School Finances
LANSING (WWJ/AP) – A state report says 11 of the 49 Michigan school districts with budget deficits are expect to end the budget year in the black.
In his quarterly report to the Legislature, state Education Superintendent Mike Flanagan said 25 districts are expect to end the year with smaller deficits, but 13 of the state’s districts have deficits that are expected to grow.
Flanagan recently updated lawmakers on the financial state of districts that had year-end deficits in 2012 and progress in reducing the shortfalls during the 2012-13 year.
Overall, Michigan has seen an increase in the number of school districts with deficits. In 2001, 18 of the state’s 549 districts and 256 charters had deficits.
Districts unable to resolve their deficits can be placed under the control of a state-appointed emergency financial manager.
Click here to see the financial state of your local school districts.
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