By: Emily Morris
After filing for an emergency loan in 2013 Pontiac Schools have been under state oversight, but this past week the district finally got their footing back. The future of the district appears to be positive as the schools now are equipped to independently operate their budget.
Before the state stepped in Pontiac schools were staggering farther into debt. The retirement funds available were short roughly 2.7 million dollars in 2012, leaving progress at a standstill. Contributing to the chaos, the school district’s fund balance was reported to be negative 52% (The Detroit News).
The state government recognized Pontiac’s struggle and withheld school aid payments in the 2012 to 2013 school year as they began to get involved (Michigan Department of Education). Before this alteration, the district’s lack of funds skyrocketed from $24.5 million in 2011 to $37.7 million in 2012 (The Detroit News).
Although the state will continue to have involvement within the Pontiac School District to ensure stability, this is one of their first steps to independence. Aside from the just the education program, this could be another step in the right direction for Pontiac, overall.
Featured Photo: Michigan Radio