Detroit Public Schools financial manager Robert Bobb = record red ink

[Hannah Bell]

Since being appointed by Gov. Jennifer Granholm as the emergency financial manager in March 2009 to control the finances of the state's largest school district, red ink is growing, according to district budget documents:

• Instead of a $17 million surplus Bobb projected for this fiscal year, spending has increased so much Bobb is projecting a $98 million deficit for the budget year that ends June 30.

• Added to the $219 million deficit accumulated from previous years, Bobb anticipates posting a $317 million deficit by this summer -- the largest year-end deficit ever recorded for the district.



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These people are all flipping liars & hypocrites.