Gov. Snyder redefining the word "bailout"----Detroit Education Overhaul Would Cost Other Schools $50 Per Student

Detroit Education Overhaul Would Cost Other Schools $50 Per Student [Michigan Capitol Confidential]:
"Gov. Rick Snyder says his vision of new Detroit public school system does not represent a bailout because it doesn’t ask for more taxpayer dollars. 
But one study says that school districts around the state will have to chip in $50 per pupil, which some superintendents aren’t happy about.
Snyder has proposed creating a new “Detroit Education District” to operate all public schools in the city.
Alongside of this entity, the current Detroit school district would be retained in a purely administrative role solely for the purpose of paying off the massive debt it has accumulated.
Money to service the debt would come from $72 million in annual city property tax millage revenue the district now collects.
Since that money would no longer be available to operate the schools, the state would have to pick up the difference.
The governor says this would not be a bailout because no extra taxpayer dollars would be requested.
However, the extra funding must come from somewhere, and apparently that means the state's other 544 school districts."