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Pontiac School District released from consent agreement, now able to manage own finances

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Posted at 10:46 PM, Oct 17, 2018
and last updated 2018-10-18 18:03:22-04

The Pontiac School District has been released from its consent agreement, meaning that now all operations and finances are handled without state oversight, according to a release from the district. 

The release happened on Friday, Oct. 12. 

“This five-year partnership with the state Treasury Department has gotten the school district stable enough to sustain operations,” said Superintendent Kelley Williams. “We have shown growth academically and have shown fiscal responsibility with the passing of audits and a boost in our school district’s credit rating.”

According to a press release, the consent agreement was adopted by the school district in an effort to implement a financial and operating plan that would provide greater financial stability for the district.

This agreement included an arrangement with Oakland Schools for business administration and information technology services to "enable the school district to better provide public educational services to residents."

The school's deficit has since been reduced from $52 million in 2013 to $6.6 million today.