10:17 am
Thu March 7, 2013

Flanagan gives financial update on school districts

LANSING, MI (AP)--   A state report says 11 of the 49 Michigan school districts with budget deficits are expect to end the budget year in the black. 

Michigan Superintendent Mike Flanagan
Michigan Superintendent Mike Flanagan and The Detroit News report that the quarterly report to the Legislature from state Education Superintendent Mike Flanagan says 13 of the districts have seen deficits grow.

Flanagan recently updated lawmakers on the financial state of districts that had year-end deficits in 2012 and progress in reducing the shortfalls during the 2012-13 year.

Overall, Michigan has seen an increase in the number of school districts with deficits. In 2001, 18 of the state's 549 districts and 256 charters had deficits.

Districts unable to resolve their deficits can be placed under the control of a state-appointed emergency financial manager.