State OKs Flint Schools deficit elimination plan
Thu, 09 May 2013 02:00:04 GMT —
The Michigan Department of Education has accepted the Flint school boardâ??s plan that outlines how it will erase a multi-million-dollar deficit over the next three years. The board re-submitted a deficit elimination plan this week after the state returned it for more information. The district needs to get rid of nearly $16 million in debt by 2016.
As the districtâ??s chief financial officer Linda Holloway presented in April, the deficit elimination plan calls for dozens of more teacher layoffs, closing two more elementary schools and shutting utilities off at vacant buildings.
In March, the school board voted to close four school buildings â?? Zimmerman, Bryant, Dort and Washington â?? by the end of the school year.
The board will need to approve the deficit elimination plan at next Wednesday's meeting.