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Superintendent warns of possible federal K-12 cuts; district begins scenario planning
Summary
Detroit Public Schools Community District officials told the board they are running budget scenarios after federal proposals could cut K-12 funding by as much as 25%. The district has about $200 million in unrestricted fund balance and plans communications and community outreach.
Superintendent Michael Beatty and district financial staff told the Detroit Public Schools Community District board on March 11 that the district is modeling budget scenarios amid federal proposals that could cut K-12 funding by roughly 25 percent.
CFO Jeremy Vedito reported the district—s revenue is tracking to its budget and that the district currently holds roughly 14 weeks of cash on hand, exceeding a stated minimum target of six to eight weeks. Beatty told the board the district—s…
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