The Detroit Public Schools now officially has enough money to stay open through the end of the current school year.
Gov. Snyder signed a $48.7 million dollar supplemental budget bill into law Tuesday.
DPS officials had said that without state aid, the district likely faced payless paydays by early April.
The aid also comes attached to another bill that puts DPS under the oversight of a state-appointed Financial Review Commission.
That’s the same commission in charge of making sure Detroit sticks within its post-bankruptcy budget plans. It will play a very similar oversight role for the DPS budget going forward.
The commission also gets to “review and approve” all major contracts and collective bargaining agreements.
The State House is expected to take up a longer-term DPS rescue package, approved by the State Senate last week, when legislators get back from spring break in two weeks.