DETROIT (WKZO) -- The Education Achievement Authority looks to be out of the woods financially.
The EAA recently paid off a 5.1-million dollar loan early and is expected to propose a 92-million dollar general fund budget for the new fiscal year. EAA Chancellor John Covington says that the authority is in "solid financial condition." The announcement comes after a financially troubled first year.
The authority was established to take over and turn around schools that perform among the lowest five-percent in the state.