Flint's newly-elected mayor, Sheldon Neeley, says it appears the city's water fund doesn't have a deficit, as previously projected. Rather, there's a $20 million balance for the 2020 fiscal year.
With less than a month on the job, newly elected Mayor Sheldon Neeley says it's pretty clear the previous financial department was, as he puts it, "anemic, to say the least. They really had no capacity...no quality control element."
He says it looks like they just used estimates and projections for years, rather than what money was actually coming in and going out.