State Removes Ecorse From Financial Emergency List

ECORSE (AP) – State officials have removed Ecorse from a list of Michigan cities operating under financial emergencies.

Gov. Rick Snyder said Tuesday that he has appointed an advisory board “to help ensure a smooth transition” and guide Ecorse “to continued financial stability.”

State appointed emergency manager Joyce Parker informed Snyder Monday that the city’s financial emergency was addressed.
Parker says Ecorse’s $14.6 cumulative deficit and $5 million structural deficit have been eliminated. Operating costs have been cut by $4.3 million each year and revenues are up.

Parker will be a member of the transition advisory board that begins work Wednesday.

Then-Gov. Jennifer Granholm determined in 2009 that the southwestern Detroit suburb was in a financial emergency.

Detroit, four other Michigan cities and three public school districts are in financial emergencies.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.
Hump Day Drinks: 8 Cheery Cocktail RecipesNow that you've made it through half the work week, it's time to celebrate!

Watch & Listen