CHICAGO -- Michigan plans to shutter a pair of cash-strapped school districts, taking advantage of a new law that allows the state to dissolve districts with deficits.

Treasury and education officials late Monday announced they would move to dissolve the districts and force a merger with nearby schools after Inkster Public Schools and the Buena Vista School District failed to secure adequate private financing to allow them to remain open for another year. The Michigan Department of Treasury and education officials determined Thursday that Inkster and Buena Vista were broke and gave them two days to secure bank loans that would keep them afloat.

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