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2 Mich. school districts given deadline by state
LANSING, Mich. (AP) - State officials have given the Buena Vista and Inkster school districts until Monday to secure new loans to finance operations or face being dissolved.
The offer from state Treasurer Andy Dillon and state Superintendent Mike Flanagan this week came after Inkster's business manager said the district was in talks with Comerica Bank to secure short-term financing to pay off about $800,000 in overdue vendor bills.
A new law allows the state to disband the districts.
Dillon says that if the Inkster and Buena Vista districts can't get the financing by Monday afternoon, the state and intermediate school districts in Wayne and Saginaw counties will move forward with dissolving them.