Gov. Snyder declares financial emergency in Lincoln Park

[alp227]

Source: Detroit Free Press

LANSING — Gov. Rick Snyder on Monday declared a financial emergency in Lincoln Park, the latest Michigan city that could come under the control of a state-appointed emergency manager.

On April 4, a review team reached the same conclusion in a report to Snyder.

The governor cited the city’s negative fund balance, “a trend of over-spending from the general fund,” and city projections that the general fund deficit will likely increase by at least another $1 million this year.

Under state law, the city has seven days to request a hearing if it wants to appeal the finding.

Read more: http://www.freep.com/article/20140414/NEWS02/304140122/lincoln-park-rick-snyder-emergency-financial

[putitinD]

1. I have a (reicht-wing) family member that works for the city of Lincoln Park

She was a Huge Bush supporter, and Snyder too. I wonder if she will vote for Snyder again in November?

[freshwest]

2. If she feels any personal pain from this, maybe not. n/t

[merrily]

3. Financial emergency has become yet another

excuse reason to privatize, whether by legislation or bankruptcy trustee of public property selling it off on the cheap, or otherwise. Another form of having the public bear the losses of both private and public entities, while private parties reap the benefits of both public and private efforts. Public parks, artworks in public museums, public buildings, etc.

[blkmusclmachine]

4. Fascist

[Orsino]

5. "Tally-ho!" n/t

[KamaAina]

6. Well, Kevyn Orr's gonna need another job soon

if Detroit gets out of its bankruptcy.