At least 150 school systems in the state of Michigan lack necessary reserves and may have a difficult time surviving the massive cuts to education spending proposed by Gov. Snyder and the Republican-led legislature.
The Detroit Free Press reports:
More than 150 school districts and charter schools in Michigan are teetering on the edge of going broke, a situation that is likely to get worse under Gov. Rick Snyder’s proposed cuts of $470 per pupil.
These are the districts that have so little set aside in rainy day funds that Snyder’s cuts — coupled with a huge increase in retirement costs this summer — could put them in a deficit, joining the 43 districts and charters already there.
It’s a situation that has mobilized school leaders — testifying in Lansing, writing lawmakers and sending letters to parents. They say that after years of closing schools, laying off staff and slashing programs, there’s little left to cut.
And for those who do have some reserves set aside to help them survive lean years, the Republican chairman of the Senate Finance Committee wants to cut their per-pupil funding even more to teach them to be so profligate. But at least the state is ready to appoint emergency financial managers with virtually unlimited powers to fix all those broken school systems.