Stimulus funding saves Detroit schools $35 million in first round of bond sales

Dec. 23, 2009
District sells $290 million in bonds approved as part of November's $500 million proposal.

Detroit school officials say that the sale of $290 million capital improvement bonds using special financing authorized under the America Recovery and Reinvestment Act of 2009 will save the district about $35.5 million. (Detroit Public Schools news release)

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