The collapse EVERYONE is ignoring!-----Michigan Schools Are Facing a Death Spiral of Debt

Student enrollment has been falling since the 2000s, but pension obligations have continued apace - Michigan Enjoyer - Brendan Clarey

About half of the state’s long-term debt is pension liabilities, much higher than the national average of 32%, Campbell said.

• The dashboard also shows that what school districts owe outweighs the resources they have per student. School districts have about $34,000 per student, but owe over $51,000 for each one...
• The state has seen an 18% enrollment decline in the K-12 age population since 2000...

If there are fewer teachers, contributions to the plan will decline...