Gov. declares financial emergency in Allen Park
Allen Park
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 09/07/2012
ALLEN PARK, Mich. (AP) - Republican Michigan Gov. Rick Snyder has declared a financial emergency exists in the Detroit suburb of Allen Park.
Snyder announced his decision Friday following a recommendation last month by an independent review team. The city's problems including a more than $2 million annual payment on bonds related to failed movie studio.
Allen Park could be taken over by an emergency financial manager. City officials have 10 days to request a hearing before the administration.
Other cities with emergency financial managers are Flint, Pontiac, Ecorse and Benton Harbor.
The state suspended a law that gave managers much broader powers, including tearing up union contracts. Voters will decide whether to repeal it in November and until then Michigan is operating under a previous law in which the managers have fewer powers.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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