Nobody's Waiting to Bail the Milwaukee Public Schools Out

Eugene Kane:

In a week when America's financial markets experienced a meltdown, perhaps it shouldn't have been that surprising to learn Milwaukee Public Schools was also apparently in dire financial straits.

Last week, a shake-up of major Wall Street firms sent shock waves through the stock market. The federal government announced a risky, multibillion-dollar bailout of endangered institutions amid concerns about the worst financial crisis in decades. With all that turmoil afoot, it was almost anticlimactic to learn the School Board had voted to look into ways to dissolve the public school system because of increasing financial problems.

Yes, that's right; dissolve it.

Most folks knew things were bad at MPS; nobody suspected it was that bad. At least one board member, Michael Bonds, still isn't convinced.

"I was outraged," said Bonds, who left the room shortly after a 6-3 vote by MPS board members to consider options for dissolving the state's largest school district. "Yes, that's why I left the room."

Posted by Jim Zellmer at September 23, 2008 2:22 AM
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