Collapse we can believe in!
DETROIT (AP) — State education officials have ordered the emergency financial manager for Detroit Public Schools to immediately implement a plan that balances the district’s books by closing half its schools.
The Detroit News says the financial restructuring plan will increase high school class sizes to 60 students and consolidate operations.
State superintendent of public instruction Mike Flanagan says in a Feb. 8 letter that the state plans to install another financial manager who must continue to implement Emergency Financial Manager Robert Bobb’s plan after he leaves June 30. Flanagan’s said approval of Bobb’s plan means the district can’t declare bankruptcy.
Bobb filed his deficit elimination plan with the state in January, saying it would wipe out the district’s $327 million deficit by 2014
Bobb was hired in March 2009 by then-Gov. Jennifer Granholm.