Tag Archives: debt

Michigan lawmakers consider plan to overhaul Detroit Public Schools

DSC03602-BState lawmakers and the public could get their first look tomorrow (Thu.) at legislation to overhaul the Detroit Public Schools. The district faces hundreds of millions of dollars of debt, and a possible default if something isn’t done.
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Gov. Snyder faces uphill battle to win legislative support for DPS rescue

Gov. Snyder answers questions from reporters on Monday about his plan to rescue Detroit Public Schools. The governor will likely have to battle local control concerns, ‘bailout fatigue’ to convince state lawmakers to approve the plan.

Gov. Snyder answers questions from reporters on Monday about his plan to rescue Detroit Public Schools. The governor will likely have to battle local control concerns, ‘bailout fatigue’ to convince state lawmakers to approve the plan.

Gov. Rick Snyder wants the Legislature to adopt an expensive, controversial plan to overhaul Detroit’s schools by the end of the year.

Snyder outlined his plan in Detroit on Monday. The goal is to rescue Detroit Public Schools (DPS) from crushing debt and dismal academic results.

The proposal would split the district in two. A new body would oversee education and normal school operations. The old DPS would exist only to collect taxes and pay down debt. Continue reading

State Senate approves legislation that would resolve the former Buena Vista’s School District debt

The former Buena Vista School District’s remaining debt is one step closer to being paid off.

The Saginaw County district was dissolved back in 2013, but still has a debt totaling $660,000.
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Money saving tips through America Saves Week


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Money is something many people wish they had more of.

During the last week of February, several financial groups are teaming up to educate people on how they can save money through the annual initiative, America Saves Week. Continue reading