Tagged: “probable financial stress

The state took a big step today towards making Inkster the next Michigan city to fall under the oversight of an emergency manager.   

Governor Snyder has appointed a seven-member review team to delve deep into Inkster’s city finances. A preliminary review has already found the city is in ‘probable financial stress’.      

The city has struggled to deal with a multi-million dollar deficit. This week, the city laid off 20 percent of its police officers and the police chief announced he’s leaving too.  

A state team is getting more time to analyze Flint’s city finances.   

The panel’s findings could lead the governor to appoint an emergency manager to run the city.   

The panel’s report was due by the final day of October. But Treasury Department spokesman Terry Stanton says the 8 member team appointed by the governor needed more time to review a few more matters. The governor has granted the review team an additional 30 days. 

Earlier this year, the Treasury Department determined that Flint was in “probable financial stress."