TITLE

Trio of Troubled Michigan Cities Face Uncertain Futures

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/26/2004, Vol. 350 Issue 31997, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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 debt, and no promises for the future. When Schimmel took office Hamtramck had racked up about $2.5 million of debt, was the target of outstanding lawsuits, failed labor negotiations, and outdated office space. Schimmel helped to settle lawsuits, adjusted the method for collecting taxes, and refurbished the municipal building.
ACCESSION #
14849131

 

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