Michigan Legislature OKs $617M bailout for Detroit schools - WNEM TV 5

Michigan Legislature OKs $617M bailout for Detroit schools

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Michigan lawmakers have approved a $617 million bailout of Detroit's debt-ridden school district.

The Republican-controlled House narrowly passed some final pieces of the restructuring package early Thursday, nearly a week after the chamber gave the measure initial approval. The bills now head to Gov. Rick Snyder for his expected signature.

The rescue comes two years after the state helped bail out Detroit's municipal government as part of its bankruptcy case.

The ailing district has been managed by the state for seven years, during which it has continued to grapple with plummeting enrollment and recent teacher sick-out protests.

Under the legislation, the district would be split in two, and control would be returned to an elected school board.

The new debt-free district would educate students. The old district would retire $617 million in debt over roughly 8 1/2 years.

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