Sep 4 2009

Does the city have to pay millions of dollars that its system has borrowed from the state as bonds?

The Detroit Public School system owes 0 million dollars to the state for borrowing bonds.

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  1. kckid2 said:

    Generally these type of bonds are paid from real estate taxes over a period of years. This is a very common practice.

    So the answer is yes.

    September 4th, 2009 at 10:29 am

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