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The Nexus
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Tobacco Settlement Fund

Coverage of Tobacco Settlement Fund in the Nexus archive.

Earliest in view: Jun 29 · 22:53 UTCMost recent: Jul 1 · 15:52 UTC
Co-mentioned in this coverage
Detroit Public Schools Community Districtorganization2Detroit Public Schoolsorganization2Michigan Department of Treasuryorganization2Michigan Court of Appealsorganization2Nikolai Vittiperson2operating millagetopic1capital debttopic1Ron Leixperson1
Recent coverage
  • POLITICSJul 1 · 15:52 UTCMICHIGAN ADVANCE
    Detroit school district loses court appeal against state over paying debt with operating tax revenue

    The Detroit school district lost a court appeal against the state, requiring it to seek voter approval for a ballot measure to collect operating tax revenue. The ruling upholds that Detroit Public Schools (DPS) cannot use operating tax funds to pay capital debt, forcing the Detroit Public Schools Community District (DPSCD) to rely on state funding unless voters approve a shift in tax collection authority by 2027.

  • POLITICSJun 29 · 22:53 UTCCHALKBEAT
    Detroit school district loses court appeal against state over paying debt with operating tax revenue

    The Detroit Public Schools Community District (DPSCD) must seek voter approval for a ballot measure to collect operating tax revenue after a court upheld a ruling against its use for debt repayment. The Michigan Court of Appeals sided with the state, stating operating taxes cannot be used for nonoperating debt, forcing DPSCD to rely on state funding until a new tax collection arrangement is approved.