Ex-U.S. Bankruptcy Judge Steven Rhodes
Once again, a potential crisis is around the corner for the cash-strapped Detroit Public Schools.
The district will run out of money to pay employees at the end of the budget year, June 30, George Hunter of The Detroit News reports.
Lansing lawmakers last month earmarked $48.7 million in emergency money to help the district make it through the school year.
Emergency Manager Steven Rhodes is pushing for state lawmakers to approve a $715 million rescue plan for long-term solvency. The state Senate has given the green light for the funding. The House is considering it, the News reports.
Of course, it never helps to ask for money when the district is going through a financial scandal. Recently 12 principals and one administrator were charged in a kickback scandal involving a vendor that cost the district millions of dollars.
