CHICAGO -- In the aftermath of sweeping education finance reforms in Michigan, two rating agencies last week took negative actions against the Southfield Public School system, citing voter rejection of a proposal that would have allowed the district to maintain its current funding level.

The school system in Southfield, a suburb of Detroit, is one of 42 Michigan school districts that already spends more than the maximum $6,500 per pupil grant the state will give a district under the new school financing program.

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