- Associated Press - Thursday, June 23, 2016

DETROIT (AP) - The state-appointed transition manager for Detroit’s public schools says the district’s proposed $671 million budget is balanced and based on realistic assumptions.

Former bankruptcy Judge Steven Rhodes released the plan Thursday during a public budget hearing.

A bailout and restructuring plan signed Tuesday by Gov. Rick Snyder will retire the district’s $617 million debt load over 8½ years and includes cash to launch a new district. Detroit Public Schools has been managed by the state for seven years.

Rhodes says about $487 million in his proposed budget would be spent on instruction and student support. The budget also forecasts an enrollment of about 45,500 students.

He says the “honest budget will enable the new district to pay its hard-working staff and its vendors” when “obligations to them are due.”

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