Buena Vista school officials say the district may not be able to bring staff back next school year.
The superintendent of Buena Vista schools and a financial consultant updated the public on the district's financial situation Wednesday night, and it doesn't look good.
The district will not be getting an emergency loan from the state and will probably run out of money by early July. If that happens, it means the district likely won't be able to afford to bring teachers back next school year.
Buena Vista will not receive the emergency loan because the district is currently in default on $2 million in loans from the Michigan Department of Treasury.
But the superintendent, Deborah Hunter-Harvill, is not giving up just yet.
Harvill revealed a couple of options to keep the district up and running.
She's looking at a charter management group, and she's also proposing all students in Buena Vista attend classes in one building next school year.
However, many students are transferring out of the district and attendance is dwindling.
Reports show student attendance in the district is about 71 percent. The district needs to be at 75 percent to receive all state aid. So that is yet another financial problem the district will have to overcome if it manages to stay open.
And the district is one step closer to getting an emergency financial manger.
Earlier this week, the state sent a preliminary review of the district's finances, which is the first step in determining if there is a financial emergency.
Meanwhile, bills that would allow the state to shut down financially troubled school districts are headed to the house floor.
They were approved by the House Education Committee on Wednesday.
The bills allow the state superintendent to dissolve a district if it can't come up with a plan to eliminate a budget deficit.
Lawmakers hope to vote on the measures before taking their summer break next month.
Copyright 2013 WNEM (Meredith Corporation). All rights reserved.
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