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Michigan public schools 2024-2025 budget borrowing options for projected operating cash-flow shortfalls as spend down federal stimulus funding date approaches
To embed, copy and paste the code into your website or blog: As Michigan public schools navigate the preparation of their 2021-2022 budgets, we wanted to again provide you with a reminder of the short-term borrowing options available to cover projected operating cash-flow shortfalls. The good news is that the financial picture for many schools has improved from the financial doomsday predicted last spring at the beginning of the COVID-19 pandemic. Although the 2021-2022 School Aid budget has not been finalized, it appears there will be a modest increase in funding over the level of funding fo...