Michigan approves plan to close half of Detroit schools

According to an article published on CNNMoney, Michigan has approved a proposal that calls for the closing of 70 Detroit public schools by 2014, leaving only 72 public schools open. As a result, high school class sizes are expected to jump to 60 students per class over the next few years. Robert Bobb, the emergency financial manager of the Detroit Public Schools acknowledges the current plan will drive parents and students away from the school system, which may translate into an additional financial squeeze. A spokesman for Mr. Bobb, stated that for every student that leaves the system, this means $7,660 less in state aid that they will receive.