Financial Review Team
Gov. Rick Snyder will appoint a team to review the finances of the Pontiac Public Schools.
Snyder’s office said he isn’t planning to announce if he’ll appoint an emergency manager, but will provide an update.
A state review team has determined that a “financial emergency” exists in Detroit, and that no plan is in place to resolved it.
One person who can empathize with the challenges facing Detroit is Pontiac Mayor Leon Jukowski.
Detroit’s fiscal future could soon be out of its hands if a team of state officials determines that the nation’s former auto and manufacturing giant is so firmly entrenched in a financial emergency that it cannot climb out on its own.
An audit says Detroit’s accumulated general-fund deficit is nearly $327 million.
A team to responsible for reviewing Allen Park’s finances says Gov. Rick Snyder should appoint an emergency manager to run the city southwest of Detroit.
Michigan officials have appointed a review team to look over the finances of Allen Park. It’s the next step in determining whether the city will need an emergency manager.
The Michigan Court of Appeals has ruled that state-appointed teams that reviewed the finances of Detroit and Flint weren’t subject to the Open Meetings Act.
With a deal finally in place between the state and Detroit on the city’s finances, one of the next steps to financial stability is to fill several high-profile positions.