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Detroit schools can't meet payroll after June 30
Source: Reuters
World | Sat Apr 30, 2016 11:32pm EDT
Detroit schools can't meet payroll after June 30
The cash-strapped Detroit Public Schools will run out of money to pay employees after the fiscal year wraps up on June 30, the schools' emergency manager said on Saturday.
Steven Rhodes, a former federal bankruptcy judge, said that $48.7 million in supplemental funding approved by the Michigan legislature last month would allow paychecks for all employees only through the end of June.
He urged state lawmakers to approve a $715 million rescue plan that would create a new Detroit Education Commission, with broad authority to control new school openings for the next five years.
Without passage of the reform package, "there will be no funds available to pay any of our employees — those teachers on a 26-pay cycle included," Rhodes, who began running the district in March, said in an emailed statement.
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Detroit schools can't meet payroll after June 30
The cash-strapped Detroit Public Schools will run out of money to pay employees after the fiscal year wraps up on June 30, the schools' emergency manager said on Saturday.
Steven Rhodes, a former federal bankruptcy judge, said that $48.7 million in supplemental funding approved by the Michigan legislature last month would allow paychecks for all employees only through the end of June.
He urged state lawmakers to approve a $715 million rescue plan that would create a new Detroit Education Commission, with broad authority to control new school openings for the next five years.
Without passage of the reform package, "there will be no funds available to pay any of our employees — those teachers on a 26-pay cycle included," Rhodes, who began running the district in March, said in an emailed statement.
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Read more: http://www.reuters.com/article/us-detroit-education-idUSKCN0XS0T2