WUOMFM

school finance

steve carmody / Michigan Radio/NPR

State House lawmakers are considering a package of bills that would change how a program originally created to help Michiganders go to college can be expanded for other educational needs.   

People currently use the Michigan Education Savings Program to contribute money to tax-free accounts to pay for college. The revised federal tax law opened the door to expand tax-free college savings accounts to allow for people to pay for elementary and high school expenses. 

stevendepolo / flickr http://j.mp/1SPGCl0

We reported last week that a Detroit area charter school used state money to pay its bondholders instead of its teachers.

Many employees at Michigan Technical Academy spread their paychecks out over the year, but late last month, the charter school's board had to divert those summer paychecks to creditors.