Michigan Gov. Rick Snyder announced last week that a former superintendent of the Kansas City school system will be in charge of a new system that will operate the state’s lowest performing schools.

John Covington was appointed chancellor of the newly formed Education Achievement System last week. The board will be headed by Roy Roberts, the head of Detroit Public Schools, and the system itself will be financed with a mix of public and private money.

Snyder announced the new system in June. It will take over the lowest-performing 5% of schools in the state, starting this year with 39 in Detroit. It will expand to cover the entire state over the next five years.

It is still uncertain whether the new state authority will be able to issue bonds or if it will help pay off existing debt.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.