State approves $2.3 million for Flint schools
Tue, 04 Feb 2014 02:21:37 GMT —
The Flint school district is making progress in eliminating a multi-million-dollar deficit.
The school board held a special meeting tonight to discuss its deficit elimination plan...which the state has yet to approve.
The district couldn't secure a $15.6 million loan.
But the state did approve a loan for more than $2 million to help the district make payroll.
The superintendent says teachers and staff will be paid through the rest of the school year.
"It was a daily concern, but now we know that for the remainder of this school year staff will be paid, this was one of the first bumps in the road. Its not over" says Larry Watkins, Interim Superintendent.
A 19% wage and compensation cut goes into affect this summer as part of the deficit elimination plan.