Snyder Signs $617 Million Detroit Schools Bailout
Michigan Gov. Rick Snyder on Tuesday signed into law a $617 million state aid package for Detroit Public Schools, saying it marks “a new day” for families in the city.
The plan, approved by the Republican-led Legislature over opposition from Detroit legislators and other Democrats, will help pay off $467 million in operating debt and provide $150 million in start-up funding for a new debt-free district.
The debt relief, along with accountability measures in the legislation, “promises a brighter future for all of Detroit’s children,” the governor said in a statement after signing the bills with little fanfare and without a public ceremony.