From surplus to ballooning deficit: the legacy of government takeover & Emergency Managers in Detroit Public Schools
In 1999, the Detroit Public School system had a positive fund balance of $246,300,000 according to a ten-year summary in their 2008 Comprehensive Annual Financial Report (pages 91-92). That was the same year that the DPS was taken over by the State of Michigan under Republican John Engler. The school district was placed under the control of an Emergency Financial […]
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