New EM law in the works includes bankruptcy option - New York News

New EM law in the works includes bankruptcy option

Posted: Updated:

By Tim Skubick
Fox 2 News


LANSING, Mich. (WJBK) -- The voters said no to the governor's original emergency manager law, so the governor is offering Plan B that would include more public input.

An AFSCME lobbyist argues that's exactly what the voters wanted -- a restoration of democracy.

"I think the voters very clearly said that what they want is democracy at the local unit of government, that they expect their elected officials to have a clear role in the decisions on any financial problems that occur," said Nic Ciaramitaro.

Dick Posthumus, the governor's lobbyist, said they heard the voters, who were saying, "We were taking decision making away from the local units of government.  This would give it back to them."

The Republicans are offering three choices -- vote for an emergency manager, vote for bankruptcy or work out a consent agreement such as the one in Detroit.

"We will offer some things and one of them will be an emergency financial manager potentially.  Maybe you go on with the kind of agreement that they're talking about now or maybe if you don't want to and you have to go into federal bankruptcy, you can explain that to your constituents," said Senate GOP leader Randy Richardville.

Unions oppose giving the emergency manager the right to cancel union contracts, but the administration argues that must stay.

"If they go that route, it'd be just like a bankruptcy judge.  They'd have to have the ability to cancel contracts and reset that municipality so that they can get themselves back on sound footing," Posthumus said.

The new EM law could be ready by the end of the year.

  • Tim SkubickMore>>

  • Jennifer Granholm back in office?

    Jennifer Granholm back in office?

    Monday, July 7 2014 10:14 AM EDT2014-07-07 14:14:46 GMT
    Oh boy, the anti-Granholm mob will have fun with this.  They are talking in California about running the former Michigan governor for something as part of the “new generation” of D’s on the west bank.
    Oh boy, the anti-Granholm mob will have fun with this.  They are talking in California about running the former Michigan governor for something as part of the “new generation” of D’s on the west bank.
  • Schauer campaign plays rapid response game

    Schauer campaign plays rapid response game

    Wednesday, July 2 2014 11:11 PM EDT2014-07-03 03:11:48 GMT
    After the Detroit Free Press took a solid week to examine the charter school system, warts and all, the Democratic candidate for governor smartly responded with a laundry list of reforms.
    After the Detroit Free Press took a solid week to examine the charter school system, warts and all, the Democratic candidate for governor smartly responded with a laundry list of reforms.
  • A lot of action in the Land vs. Peters campaigns, but who is watching?

    A lot of action in the Land vs. Peters campaigns, but who is watching?

    Thursday, June 26 2014 10:47 AM EDT2014-06-26 14:47:15 GMT
    It’s really a shame that the real world is not paying attention to the U.S. Senate race because the two camps are passionately engaged in a war of news releases, we-thought—you-should-know email alerts to the media, and a never ending back and forth as they scratch for some advantage in this bitter battle to replace Carl Levin.
    It’s really a shame that the real world is not paying attention to the U.S. Senate race because the two camps are passionately engaged in a war of news releases, we-thought—you-should-know email alerts to the media, and a never ending back and forth as they scratch for some advantage in this bitter battle to replace Carl Levin.
  • PoliticsPoliticsMore>>

  • Election info for 2014 Michigan primaries

    Election info for 2014 Michigan primaries

    Tuesday, June 24 2014 5:31 PM EDT2014-06-24 21:31:30 GMT
    Elections for the office of Michigan State Senate and for the office of Michigan House of Representatives will consist of a primary election on August 5, 2014, and a general election on November 4, 2014.
    Elections for the office of Michigan State Senate and for the office of Michigan House of Representatives will consist of a primary election on August 5, 2014, and a general election on November 4, 2014.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices