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DPS legacy entity reports $52.9 million borrowing; operating‑millage hold‑harmless costs, lawsuit remain unresolved
Summary
Committee heard that Detroit Public Schools (legacy DPS) borrowed $52.9 million in April and continues to pay capital debt service; staff outlined potential costs tied to an operating‑millage hold‑harmless program and ongoing litigation over millage handling.
Finance staff told the committee that the legacy district entity received a $52.9 million borrowing in April, down from more than $100 million in prior years, and that all scheduled capital debt payments were made during the month.
Staff explained the timing of local tax collections and reconciliations: winter collections for the 13‑ and 18‑mill levies arrived primarily in February and March, with smaller collections in April and May and a final reconciliation…
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