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EFM bill up for a vote this week in the House

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By Laura Weber, Michigan Public Radio Network

LANSING, MI –
The role of emergency financial managers in Michigan's cities, townships and school districts may soon be altered. The state House is expected to vote this week on a measure that would give more control to financial managers in cities and school districts that can no longer pay their bills. State officials say the goal of the proposal is to keep those areas out of financial ruin by giving them more time to turn around before a financial manager would step in.

Summer Minnick is with the Michigan Municipal League. She says Governor Rick Snyder's proposal to eliminate some state payments to local governments makes the financial manager bill more attractive.

"Well obviously after the potential for the elimination of the statutory revenue sharing for many members I think its validity is very important now, and I think that it's a positive step in the right direction," she says.

The state Senate is debating a similar measure.

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