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State team assigned to look into Pontiac school finances

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pontiac.k12.mi.us
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Pontiac School District

Gov. Rick Snyder has named six people to review the finances of the Pontiac School District, a step that could lead to the appointment of an emergency manager or other measures for the Oakland County district struggling with a $38 million budget deficit.

 A three-member Local Emergency Financial Assistance Loan Board on June 6 found "probable financial stress" in the district.

Under the new emergency manager law, if a financial emergency is found to exist, Pontiac officials have four options. They can enter a consent agreement with the state, agree to an emergency manager, go through a neutral evaluation process, or choose bankruptcy.

Here's a list of all school districts and cities that engaged with the state's emergency manager law (the Local Financial Stability and Choice Act).

Mark Brush was Michigan Radio’s Digital Media Director. He succumbed to a year-long battle with glioblastoma, an aggressive brain cancer, in March 2018. He was 49 years old.
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