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.

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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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