Detroit likely to get state bailout

02/28/2005 | Detroit Free Press

The Michigan Department of Education has approved the Detroit school district's five-year deficit elimination plan, paving the way for the fiscally troubled district to obtain a one-year loan of $160 million from the state. The plan outlines staff cuts, school closures and other cost-cutting measures designed to eliminate a looming $198 million deficit.

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Detroit Free Press

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