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Michigan loans Benton Harbor Area Schools two-million dollars

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LANSING (WKZO) -- The Benton Harbor Area Schools have received a lifeline from the state Treasury Department.  Treasury spokesman Terry Stanton says the state has approved a two-million dollar emergency loan for the financially troubled district.

Overall, Benton Harbor has asked the state for six-million, with the other four million dollars contingent on the district proving it can make tough financial decisions.  Teachers and administrators have agreed to a ten-percent pay cut for this school year as the district deals with over ten-million dollars worth of red ink.

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