The Saginaw School Board has approved a revised deficit elimination plan by a 4-3 vote.
The Michigan Department of Education requested a revised plan after the original plan failed to include the 2015-16 budget.
The new plan calls for 20 teachers to be cut over the next two fiscal years.
The district also plans to defund the athletics by 2015.
"This is something we are going to do to sustain ourself and rebuild ourselves, but it's a good fight. It's a good fight on behalf of our children, our district and our community", says Saginaw Superintendent Dr. Carlton Jenkins.
The revised plan is due to the state by the close of business Friday, February 21.