The Board of Education in Buena Vista, Mich., has declared a financial emergency. The school district lacks the funds to pay teachers for the rest of the school year, MLive.com reports.

Students from the Buena Vista School District have not attended classes in a week, according to MLive.com. The district laid off all its teachers earlier this week.

The financial problems stem from three months of withheld state aid payments from the Michigan Department of Education. MLive.com reports that "the district took $401,962.51 to educate students from the Wolverine Secure Treatment Center who no longer attend the district."

The district also is suffering from declining enrollment, which has led to a loss in state funding, according to MLive.com

http://news.yahoo.com/blogs/lookout/michigan-school-district-lays-off-teachers-143958064.html

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