The Pontiac School District is facing a roughly a $38 million deficit.
The city’s emergency manager says after reforms and contract adjustments, Allen Park will avoid filing for Chapter 9 protection.
“I’m pleased to see Pontiac emerge as a financially stable city and return to local control,” the governor said.
Monday is the eligibility objection deadline in the bankruptcy petition by Detroit Emergency Manager Kevyn Orr.
The drive was sparked by comments Orr made describing Detroit as “dumb, lazy, happy and rich.”
The district’s general fund deficit for the 2012 fiscal year was $37.7 million, having quadrupled since 2009.
A federal court on Friday delivered a harsh review of Michigan’s Republican-controlled Legislature.
Christie’s Appraisals says it has agreed to appraise some city-owned pieces in the Detroit Institute of Arts.
State-appointed emergency manager Kevyn Orr wants to streamline 20 different health care plans available to Detroit municipal employees — down to one individual plan, as part of his financial restructuring of the city.
A Michigan law that allows the state to intervene when a local government faces financial distress is one of the nation’s most aggressive, according to a study released Tuesday.