The Art of Saving Cities

Carvlin, Elizabeth
December 2002
Bond Buyer;12/18/2002, Vol. 342 Issue 31535, p1
Trade Publication
Reports on efforts of financial manager Louis H. Schimmel Jr. to tackle a $2.5 million deficit and $7.5 million of bond debt in Hamtramck, Michigan's budget of $16 million. Appointment of Schimmel under the Local Government Fiscal Responsibility Act in Michigan; Things required by Schimmel to balance city's fiscal 2004 budget; Opinions of City Council member about Schimmel; Tools used by states to deal with financial crisis.


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