Flint school district's deficit grows $10 million

The Flint school district's deficit has grown by $10 million in seven months to $20.4 million.
AP Wire
Jun 29, 2014

 

A November audit detailed the district's then-$10.4 million deficit for the 2013-14 budget year and updated numbers were released Thursday.

Chief Financial Officer Richard L. Carpenter's team found the additional deficit and said it appears that some problems identified in past years were still taking place.

School board President Isaiah Oliver said the deficit is "devastating," but "we have to take ownership of it."

Following the new numbers, the district has until July 31 to submit an updated deficit elimination plan to the Michigan Department of Education. On Thursday, officials outlined the 2014-15 budget — including a surplus of $3.8 million that would be used to pay down the deficit.

Comments

zwesterhouse

Just close and dissolve the district. Look what happens when families can't pay their mortgage or property taxes? They shut down, get evicted and thrown in the street with by a Sheriff's deed. Same to the schools that can't balance their budgets.

leatherball

Isn't it "interesting" that all of a sudden another $10 million is missing?

I thought our public schools were watched as to where all of our tax dollars go?

 

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