school finances

12:10 pm
Thu February 27, 2014

State Superintendent Calls for More Consolidation With 46 Districts in Deficit

Battle Creek is among four new districts that are expected to end this school year with a deficit
  • Source: Mlive
  • | Via: Kalamazoo Gazette
LANSING, MI -- Fewer Michigan school districts are operating in deficit this year -- due to dissolution and consolidation -- and more are projected to emerge from budget deficits by the end of the school year.
8:49 pm
Sun December 15, 2013

Portage Schools earns additional money from state for financial practices

State created incentive program to encourage districts to use best practices
  • Source: Mlive
  • | Via: Kalamazoo Gazette
PORTAGE, MI - Portage Public Schools will have nearly half a million dollars coming to it from the state thanks to meeting financial best practices. Needing to meet at least seven of eight standards for the $457,000 in special state funding, Portage schools met all eight.
8:11 pm
Sun November 24, 2013

Southwest Michigan school districts use cash reserves to get out of debt

Three districts moved out of deficit, one moved in during last year
Area schools pulled a combined $4.3 million from cash savings to cover budget shortfalls last school year. One local school district went broke while three others were able to move themselves out of deficit and into the black.
5:44 pm
Mon September 2, 2013

Several Southwest Michigan school districts running low on cash as school year starts

Many factors contribute to a lack of revenue for districts
Even as area schools predict an uptick in income and cut back spending, at least eight school districts are running dangerously low on cash, according to projected 2013-14 budgets, with at least two districts in deficit and another expecting to run entirely out of money by June 30.
6:18 am
Tue June 11, 2013

Battle Creek School Board delays action on budget cuts

District faces a $2.7-million shortfall for 2013-14
In a 4-1 vote Monday night at Battle Creek Board of Education decided to postpone the approval of budget reductions until June 17. Board Vice President William Burton was the only board member to vote against tabling the budget reductions for now.