News from Thrun Law

Michigan law requires that public schools adopt their annual budgets before the beginning of the fiscal year (July 1). A taxing entity, including a school district or ISD, must follow a “truth-in-taxation” process if its anticipated tax revenue will exceed what it collected in the previous fiscal year (with exceptions for certain tax­able additions). This process includes publishing a newspaper notice, holding a truth-in-taxation public hearing, and adopting resolutions proposing and...

With high school graduation fast approaching, school officials should be aware of the following graduation-related legal issues.

Diplomas and “Walking” at Graduation

The end of the school year may usher in “senioritis” and senior pranks, tempting school officials to withhold a student’s diploma as a disciplinary action. School offi­cials who do so risk legal exposure because withholding an earned diploma deprives an individual of a constitu­tionally protected property...

The Michigan Finance Authority (MFA)
again is offering its annual State Aid Note Loan Program this summer. The MFA
expects to post on its website this year’s application and cash flow forms and
make the authorizing resolution available through local note counsel by May 1.

We encourage clients to take advantage of this early start by preparing application documents, including cash flow, and coordinating...

The Michigan Finance Authority (MFA)
again is offering its annual State Aid Note Loan Program this summer. The MFA
expects to post on its website this year’s application and cash flow forms and
make the authorizing resolution available through local note counsel by May 1.

We encourage clients to take advantage of this early start by preparing application documents, including cash flow, and coordinating...