By AP
LANSING, MI –
Michigan lawmakers are debating legislation dealing with emergency financial managers for troubled local governments and schools.
A state House committee was hearing testimony Thursday on bills that likely would allow the state to review the finances of many more local governments and schools than under current law. The state may have more leeway to intervene in local finances and appoint more emergency financial managers.
Gov. Rick Snyder wants changes to state law related to emergency managers. State Treasurer Andy Dillon says fast action is needed because some local governments could run out of money to pay employees as early as March.
Some lawmakers are concerned about the proposals because they fear more local governments might lose control over their own finances if the measures are approved.