school finances

"Nearly 50 Michigan school districts have had their bond ratings downgraded this year by Moody’s Investors Service, meaning it could cost them more to borrow money." (Detroit Free Press)

"The credit ratings of 43 school districts in Michigan have been downgraded so far this year by Moody’s Investors Service as they struggle with falling revenue and rising costs." (Detroit News)


Gov. Rick Snyder has signed bills into law meant to prevent financial emergencies in schools. 

BENTON HARBOR - No one wants to talk about it, or even consider what would happen if cash-strapped Benton Harbor Area Schools was to dissolve. "That has never been part of the conversation when we're talking to the state," said Benton Harbor Superintendent Leonard Seawood. He brought up the possibility at a March community forum. (Saint Joseph Benton Harbor Herald-Palladium)

While consultants and teachers have issued their recommendations on which Battle Creek elementary schools should close, no decisions have been made, Superintendent Linda Hicks told parents Monday. Some 80 parents and residents attended the meeting at Battle Creek Central High School's McQuiston Center. (Battle Creek Enquirer)