Review team declares state of emergency in Pontiac (Mich.) district

The Pontiac (Mich.) School District is in a state of financial emergency, according to a review team that has studied the district’s finances. The Detroit Free Press reports that Michigan Gov. Rick Snyder has 10 days to determine whether he agrees with the finding. If Snyder also declares a financial emergency, it could lead to drastic options, including bankruptcy, the appointment of an emergency manager, a consent agreement or a neutral evaluation process.