Even though the district has had a state-appointed emergency financial manager for two years, Detroit Public Schools still face a deficit of hundreds of millions of dollars.
Robert Bobb, the DPS emergency financial manager, was appointed by Jennifer Granholm in March of 2009.
From the Associated Press:
Robert Bobb has spent the past two years closing dozens of schools and firing principals in an effort to fix the failing Detroit Public Schools. Yet, he still hasn't solved the problem for which he was hired — erasing a legacy budget deficit that now stands at $327 million.
Now, in his final months as the state-appointed emergency financial manager, Bobb is proposing several headline-grabbing ideas — including a radical plan to shut down so many buildings that some high schools could see more than 60 students per class — in an attempt to wipe out the red ink.
The AP reports that it's unclear how Bobb might use new powers granted to emergency financial managers under a new law signed by Governor Rick Snyder last week. They say he "continues to push the charter school plan which is the one receiving the most support in the city at the moment — even from the school board."