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1:06 pm
Thu February 24, 2011

Emergency Financial Managers

If you had any doubts about how difficult the situation is for local governments these days, consider this. Even before they tackle the budget, our lawmakers in Lansing have been working hard on new emergency financial manager legislation.

Yesterday, the Michigan House of Representatives passed a package of bills designed to make it easier to appoint emergency financial managers to run troubled cities and school districts.  The legislation also gives those managers broad new powers. The Senate is expected to easily approve this as well.

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