New EM law could be used to appoint a...

New EM law could be used to appoint a financial czar in Detroit

There are 1 comment on the The Detroit News story from Dec 28, 2012, titled New EM law could be used to appoint a financial czar in Detroit. In it, The Detroit News reports that:

Lansing -- If Gov. Rick Snyder's administration names an emergency financial manager in Detroit before March 27, when a strengthened municipal oversight law takes effect, the appointee would gain the power to cancel labor contracts under the new law, The Detroit News has learned.

Join the discussion below, or Read more at The Detroit News.

Pete

Livonia, MI

#1 Dec 28, 2012
Somehow I don't think Snyder will risk losing this opportunity to "cleanse" Detroit. He wants the more Draconian terms a true EFM would bring.

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