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Newspaper
Ad Visor And Chronicle
Location
Marshall, Michigan, United States of America
Date
Mar 19, 2011
Page
11
The proposal strengthens powers for emergency financial managers by allowing renegotiation of labor and service contracts, potentially dissolving and replacing contracts if bargaining fails. While collective bargaining remains, the bill targets up to 90 percent of a unit’s expenditures to prevent bankruptcy and shift burdens from taxpayers.
The EM legislation defends taxpayers by preserving local control while outlining removal rules for officials who refuse information. It emphasizes accountability through elections, governor oversight, and potential legislature removal, warning that without EM authority bankruptcy could shift to federal courts with no local input.
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