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Zeehanderlaar, Dara; Sears, Victoria; Schwenk, Alyssa – Thomas B. Fordham Institute, 2015
School districts across the land are contending with rising education costs and constrained revenues. Ballooning retirement obligations and ever-growing personnel expenditures in particular are leaving many district budgets in the red. Yet state policies for assisting school districts in financial trouble are uneven and complex. Interventions are…
Descriptors: School Districts, Financial Exigency, Intervention, State School District Relationship
Arsen, David; Mason, Mary L. – Educational Policy, 2013
Michigan's Local Government and School District Accountability Act of 2011 empowers the governor to appoint emergency managers (EMs) in financially troubled school districts. EMs assume all powers of the superintendent and school board. They can reshape academic programs, nullify labor contracts, and open and close schools. This article analyzes…
Descriptors: Accountability, School Districts, Superintendents, Financial Exigency
Arsen, David; DeLuca, Thomas; Ni, Yongmei; Bates, Michael – Journal of Education Finance, 2016
Like other states, Michigan has implemented a number of policies to change governance and administrative arrangements in local school districts deemed to be in financial emergency. This paper examines two questions: (1) Which districts get into financial trouble and why? and (2) Among fiscally distressed districts, are there significant…
Descriptors: Educational Finance, School Districts, Financial Exigency, Institutional Characteristics
Aarons, Dakarai I. – Education Week, 2009
Robert C. Bobb, the state-appointed emergency financial manager of the Detroit public school system, may have the biggest "turnaround" job in the nation. The district, with an annual budget of $1.2 billion, has a deficit projected to be $259 million and growing. Over the past 10 years, about half of the district's students have left,…
Descriptors: Educational Finance, Urban Schools, Financial Exigency, Crisis Management
El-Khawas, Elaine – Higher Education Management and Policy, 2011
Universities around the world have been affected by the recent global economic crisis. Many are challenged by reduced resources, yet they also face greater demands to help spur recovery in their respective countries. This paper explores how colleges and universities in the United States were affected by, and subsequently responded to, several 20th…
Descriptors: Higher Education, Economic Climate, Financial Problems, Financial Exigency

Cogan, Marc – Academe, 1993
Analysis of resource allocation in Michigan's higher education institutions indicates that spending is not driven by fixed costs, as often assumed. Most functions connected to the fundamental missions of the universities have been given lower priority than ancillary functions. Faculty compensation has lost ground overall, rather than leading…
Descriptors: Administrative Policy, Budgets, College Faculty, College Role