06/06/2013 02:19 pm ET Updated Aug 06, 2013

Michigan Says 55 School Districts Have Deficits


LANSING -- Michigan has a record 55 school districts with deficits, with 10 expecting to be in the black when the fiscal year ends later this month.

State Superintendent Mike Flanagan made the projections Thursday in an update to lawmakers. They're starting to discuss legislation allowing for schools that run out of money to be dissolved by state officials and the students sent to another district.

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