Looks like local government can make their own decision on what cliff they want to go off if they can’t pay the bills.
Snyder signs new emergency manager law
December 28, 2012
By ED WHITE
DETROIT — Gov. Rick Snyder put a new emergency-manager law on the books in Michigan on Thursday, weeks after voters repealed a version that gave sweeping powers to a single person to overhaul financially distressed communities.
The new law will give local governments and ailing school districts the opportunity to choose their own remedy. If a review team finds that a financial emergency exists, they can request an emergency manager, ask for a mediator, file for bankruptcy or introduce a reform plan with the state.
“This legislation demonstrates that we clearly heard, recognized and respected the will of the voters,” Snyder said in a statement. “It builds in local control and options while also ensuring the tools to protect … residents, students and taxpayers.”
Read more at Escanaba Daily Press.
Local government should not get in these predicaments to begin with. Live with in their means should be the first responsibility.