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Governor Rick Snyder has signed a $48.7 million plan to help keep Detroit Public Schools open for the rest of the school year.
The bills are designed to keep DPS from running out of money before a restructuring plan is in place.
Under the legislation a state appointed commission would have to sign off on the district’s financial decisions over the next few months, but only if there’s no emergency manager in place.
The Financial Review Commission, which keeps tabs on the city of Detroit’s books, would have long-term financial oversight of DPS under restructuring plans proposed by both the House and Senate.
