MI School Aid Fund Money Transfer
A proposal to use $208 million from Michigan’s school aid fund to help pay for other, non-school programs is advancing in the state legislature.
The Democratic–led Michigan House passed the measure to use part of the state’s school aid surplus to help cover a general fund shortfall.
The measure now goes to the Republican–led Senate.
Michigan is getting more than $300 million in unexpected additional federal schools aid.
The state is trying to erase a general fund deficit of $302 million this fiscal year and a shortfall of $484 million for fiscal 2011, which begins October 1st.