School Districts Resorting to Loans

By: Jeff Proctor Email
By: Jeff Proctor Email

Nearly half the school districts in michigan are doling out millions of dollars in interest to keep the lights on. That's because they still don't know how much they'll be getting from the state, according to a report in The Detroit News. Districts borrowed more than 700-million dollars at three-point-seven percent interest. That could rise if state funding isn't settled soon.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 10322427 - wilx.com/a?a=10322427