Michigan legislative action thread
Posted on 07/22/2015 7:12:37 PM PDT by Darren McCarty
Michigan Gov. Rick Snyder confirmed a state review team's finding that Wayne County is operating under a financial emergency.
County leaders have until 5 p.m. July 29 to request a hearing on the governor's determination. Should a hearing be requested, it will be held at 10 a.m. July 30, in Lansing, before the state treasurer or his designee.
Following the hearing (or if no hearing is requested by the county), the governor can either confirm or revoke his determination that a financial emergency exists.
The Wayne County Commission then can choose one of four options to deal with this financial emergency:
1. Enter into a consent agreement with the state of Michigan
2. Get a state-appointed emergency manager
3. Mediation -- also called a neutral evaluation
4. Bankruptcy
County spokesman James Canning said that a consent agreement is "the best option going forward."
"We will seek a consent agreement that respects the roles of the Wayne County executive and Commission, and gives us the tools to focus our efforts on resolving the $52 million structural deficit," said Canning in a statement.
The review team announced its findings on Tuesday. The team was appointed by Snyder on July 2. Its report says numerous conditions led it to determine a financial emergency exists in Wayne County. The following conditions are included:
The county’s last four annual financial audits revealed notable variances between General Fund revenues and expenditures as initially budgeted, as amended, and as actually realized. In addition, County officials underestimated actual expenditures in three of the fiscal years by amounts ranging from $16.7 million to $23.7 million.
County officials engaged in unbudgeted expenditures in violation of Public Act 2 of 1968, the Uniform Budgeting and Accounting Act.
(Excerpt) Read more at clickondetroit.com ...
That's because we're propped up by government money and UM's endowment.
Sitting at work in Wayne Cty. now. All is well, for now. :)
I thought that was Genesee County’s motto.
Wayne County should have filed for bankruptcy along with Detroit. It would have sped things along. More decades of liberal control in action.
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