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

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