Terms Set for Hamtramck, Mich., to Control Finances
- Trio of Troubled Michigan Cities Face Uncertain Futures. Carvlin, Elizabeth // Bond Buyer;10/26/2004, Vol. 350 Issue 31997, p28
The article reports that Hamtramck, Michigan's City Council and mayor will resume control of the city on November 1 when Louis Schimmel ends his tenure as the state-appointed financial manager to return to work as a public finance consultant. Schimmel leaves the city with a balanced budget, no...
- Schimmel Leaves Hamtramck. Carvlin, Elizabeth // Bond Buyer;3/1/2006, Vol. 355 Issue 32329, p33
The article reports on the resignation of Louis Schimmel as the state-appointed financial manager for Hamtramck in Michigan. According to Schimmel, he has accomplished what he was set out to do in the financially troubled city. Lansing appointed Schimmel in 2000 to return the city to fiscal...
- Michigan City Sells Its Sewers. Devitt, Caitlin // Bond Buyer;8/15/2012, Vol. 381 Issue 33765, p1
The article reports on the 58 million worth of triple-A rated wastewater bonds sold by Oakland County, Michigan to finance the decision to purchase the sewer system of Pontiac, Michigan. It states that the bonds are won by Raymond James & Associates Inc. and Hutchinson Shockey Erley & Co....
- N. Y. C. Council Proposes 2005 Budget. McDonald, Michael // Bond Buyer;3/30/2004, Vol. 347 Issue 31852, p2
Focuses on the New York City Council's proposed budget for fiscal year 2005.
- Pittsburgh Council Approves Tax Package. Cataldo, Adam L. // Bond Buyer;12/16/2004, Vol. 350 Issue 32031, p29
The article gives information about the Pittsburgh City Council, which gave preliminary approval yesterday to a tax package that is part of plan to help restore the city's fiscal health. A final vote on the package is scheduled for Monday. Under the plan, four new taxes would be created and the...
- Newcastle pledges 2% rise in council tax. Day, Karen // Public Finance;1/7/2005, p9
Reports that Newcastle City Council is to set a council tax increase for 2005/2006 in England. Restructuring of the workforce; Funds allocated to schools, for social services and for environmental improvements.
- MICHIGAN: Pontiac's OPEB Plan OK'd. Devitt, Caitlin // Bond Buyer;7/17/2013, Vol. 385 Issue 33946, p7
The article reports that the emergency loan board of Michigan has approved the proposal of Louis Schimmel, emergency manager of Pontiac to suspend the city's retiree health care payments for two years and mentions that the city will increase the pension payments to retirees by 400 U.S. dollars.
- City’s financial plan slim on debt details. KAFFER, NANCY // Crain's Detroit Business;4/2/2012, Vol. 28 Issue 14, p0004
The article reports on the preparation of Detroit City Council to either approve or reject the financial stability plan of the city in Detroit, Michigan. It notes the move of the council in approving 137 million dollar bond sale refinancing package needed for the city's April 1 debt payment of...
- Petty power play politics hobble Nagin's promise. // New Orleans CityBusiness (1994 to 2008);7/22/2002, Vol. 22 Issue 57, p22
Talks about the obstructionist stance taken by Louisiana's New Orleans City Council against Mayor Ray Nagin's appointments in 2002. Criticisms of Nagin's proposed personnel pay scales; Case of Jim Singleton, a civil servant appointed by Nagin on board for his institutional expertise in city...