Michigan Gov. Declares Financial Emergencies in 2 Detroit Suburbs

Thursday, 30 Jan 2014 03:40 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

 Michigan Governor Rick Snyder declared financial emergencies in Highland Park and Royal Oak Township, the first step toward possible appointment of emergency managers in the Detroit-area communities.

The towns have until Feb. 6 to request hearings on Snyder’s determination, according to a statement by the Michigan Department of Treasury. If no appeal is made, the communities could choose among a state-appointed emergency manager, a financial consent agreement, mediation with creditors or bankruptcy.

A state review team found Highland Park had $19.5 million in unpaid bills, of which $18.2 million is due to the Detroit water-and-sewer system. Highland Park lies within Detroit’s borders.

Royal Oak Township saw its year-end balance drop to a deficit of $298,983 in 2012 from a $200,324 surplus a year earlier, according to the Treasury Department.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Gen. Dempsey Makes Video to Assuage Troops' Ebola Fears

Tuesday, 21 Oct 2014 20:01 PM

Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, posted a YouTube message Tuesday to calm the fears of troop . . .

Neil Cavuto: Ebola Czar Critics Should 'Shut Up'

Tuesday, 21 Oct 2014 19:33 PM

Fox News Channel's Neil Cavuto says Republicans who are critical of Ebola czar Ron Klain's lack of a medical background  . . .

Ferguson Protestors Shut Down CNN Live Shot

Tuesday, 21 Oct 2014 18:30 PM

Ferguson protesters shouted down a CNN crew during a live shot Monday night, threatening to go to CNN headquarters in At . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved