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capital debt

Coverage of capital debt in the Nexus archive.

Earliest in view: Jul 1 · 15:52 UTCMost recent: Jul 1 · 15:52 UTC
Co-mentioned in this coverage
Detroit Public Schools Community Districtorganization1Detroit Public Schoolsorganization1Michigan Department of Treasuryorganization1Michigan Court of Appealsorganization1Nikolai Vittiperson1Tobacco Settlement Fundtopic1operating millagetopic1
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.

capital debt · Dossier · The Nexus