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Michigan House may vote on $617M for Detroit schools

The Michigan House may vote on a $617 million bailout and restructuring of Detroit's school district under a proposed compromise circulated to majority Republicans.

The bills, which were being drafted late Wednesday, would retire the state-managed Detroit Public Schools' enormous $467 million operating debt and provide $150 million to transition to a new district, according to a summary proposal obtained by The Associated Press.

The legislation is on Thursday's agenda, but GOP legislative leaders and the Snyder administration say no final agreement has been reached.

The House and Senate have passed different restructuring plans and are trying to resolve differences.

Emergency aid for the district will run out by June 30.

Lt. Gov. Brian Calley says all sides are closer to an agreement, but "there are still a lot of moving pieces."

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