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Ann Arbor Schools Prepare to Borrow Money to Cover Payroll Costs

There will be three occasions next fiscal year for which the Ann Arbor Public schools will have to borrow money to cover payroll costs. As WEMU's Andrew Cluley reports, the Board of Education last night passed as resolution authorizing establishment of a line of credit of up to 10-million dollars.

Like many, I first came to this area when I started school at the University of Michigan, then fell in love with the community and haven’t left. After graduating from U of M in the mid 1990’s I interned at WDET for several years, while also working a variety of jobs in Ann Arbor. Then in 1999 I joined the WEMU news team.