Schimmel Leaves Hamtramck

Carvlin, Elizabeth
March 2006
Bond Buyer;3/1/2006, Vol. 355 Issue 32329, p33
Trade Publication
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 soundness. During that time, Hamtramck faced a $ 2.5 million deficit and had $ 7.5 million of bond debt with a total city budget of about $ 16 million.


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