Bailout of Detroit schools moves forward in Legislature
A bailout of Detroit's debt-ridden school district is advancing in the Michigan Legislature.
The House passed legislation Thursday night that would restructure Detroit Public Schools and retire $467 million in debt over roughly 8 1/2 years.
The measure now advances to the Senate, where a spokeswoman for GOP Majority Leader Arlan Meekhof calls the bills a "realistic compromise."
Republican Gov. Rick Snyder's spokesman says their approval is "good progress."
The Senate could vote as early as Tuesday.
The district has been managed by the state for seven years, during which it has grappled with plummeting enrollment and more recently teacher sick-out protests.
Without further action, emergency aid previously approved will run out by June 30.