financial crisis http://michiganradio.org en What can other communities learn from the financial emergency in Royal Oak Township? http://michiganradio.org/post/what-can-other-communities-learn-financial-emergency-royal-oak-township <p>The latest Michigan community to fall into financial collapse is the tiny half-square mile community of Royal Oak Township, in Oakland County.</p><p>Late last month, Gov. Rick Snyder confirmed a financial emergency existed in Royal Oak Township. That cleared the way for action under Michigan's overhauled emergency manager act, PA 436.</p><p>What's happened in Royal Oak Township illustrates the changes and options available under PA 436 after voters rejected the previous emergency manager law in November 2012. We wondered if other communities can learn cautionary lessons from the financial troubles of Royal Oak Township.</p><p>Eric Scorsone, municipal finance expert from Michigan State University, joined us today.</p><p><em>Listen to the full interview above.</em></p><p> Thu, 10 Apr 2014 21:12:03 +0000 Stateside Staff 17188 at http://michiganradio.org What can other communities learn from the financial emergency in Royal Oak Township? Commentary: After the Fall http://michiganradio.org/post/commentary-after-fall <p>It’s hard to be shocked by anything relating to Detroit’s financial crisis. But frankly, I was, when I read the details of the report Emergency Manager Kevyn Orr gave to the city’s creditors.</p><p>For months, we’d been hearing that the city had as much as $14 billion in long-term debt. The real figure is more like twenty billion. No other city in the country pays even twenty percent of its revenue for what they call legacy costs -- debt service and pensions. Detroit pays more than forty percent.</p><p> Mon, 17 Jun 2013 12:43:25 +0000 Jack Lessenberry 13076 at http://michiganradio.org Commentary: After the Fall In this morning’s news: Hamtramck's financial emergency, Land's Senate bid, Indian mascot complaint http://michiganradio.org/post/morning-s-news-hamtramcks-financial-emergency-lands-senate-bid-indian-mascot-complaint <p><strong style="line-height: 1.5;">City of Hamtramck facing a financial emergency</strong></p><p><span style="line-height: 1.5;">Following a state review, Governor Snyder has confirmed that the city of </span>Hamtramck<span style="line-height: 1.5;"> faces a financial emergency.</span></p><p><span style="line-height: 1.5;">“In 2010, city officials asked to file for bankruptcy. And they asked for this state review, too — which found the city is still running continuous deficits, and can’t make pension payments on time…. The city could get an emergency manager. But </span>Hamtramck<span style="line-height: 1.5;"> officials potentially have other options, including a consent agreement or mediation,” <a href="http://www.michiganradio.org/post/governor-confirms-financial-emergency-hamtramck">reports </a>Michigan Radio’s Sarah </span>Cwiek<span style="line-height: 1.5;">.</span></p><p><strong style="line-height: 1.5;">Terry Lynn Land to run for U.S. Senate</strong></p><p><span style="line-height: 1.5;">“Former Secretary of State Terri Lynn Land is the first Republican to <a href="http://www.michiganradio.org/post/terri-lynn-land-plans-run-us-senate">announce she’s running</a> for Michigan’s open U.S. Senate seat. Land is also a Republican National Committeewoman. There could be other candidates waiting in the wings. But Land says the eventual Republican nominee will need the next two summers to raise money, and get out a winning message,” Rick </span>Pluta<span style="line-height: 1.5;"> reports.</span></p><p><strong style="line-height: 1.5;">Feds dismiss complaint against American Indian mascots</strong></p><p><strong style="line-height: 1.5;">“</strong><span style="line-height: 1.5;">The U.S. Department of Education has dismissed a complaint from the Michigan Department of Civil Rights over schools’ use of American Indian mascots. The civil rights department had argued that the images hurt Native American students’ academic performance, and create an unequal learning environment. But federal education officials say opponents of Indian mascots and logos need to prove that they create a hostile environment for Native American students,” Michigan Radio’s Sarah </span>Hulett<span style="line-height: 1.5;"> <a href="http://www.michiganradio.org/post/feds-dismiss-state-complaint-regarding-american-indian-mascots">reports.&nbsp;</a></span></p><p> Tue, 04 Jun 2013 11:01:21 +0000 Michigan Radio Newsroom 12866 at http://michiganradio.org In this morning’s news: Hamtramck's financial emergency, Land's Senate bid, Indian mascot complaint Snyder: Financial crisis exists in Highland Park School District http://michiganradio.org/post/snyder-financial-crisis-exists-highland-park-school-district <p><strong>Update&nbsp;4:58 pm:</strong></p><p>State Treasurer Andy Dillon says the district&rsquo;s money problems are deep and troubling. He says the state will advance the school district&nbsp;$188,000 so it can meet payroll tomorrow.&nbsp;</p><p>&quot;I have no comfort that the district has a handle on their finances,&quot; said Dillon.&nbsp;&quot;The numbers move hourly. We have three people down there today trying to get a handle on how much they actually need for payroll. And I&rsquo;m very uneasy about it, because I can&rsquo;t tell you in the middle of February that they&rsquo;re going to make payroll.&quot;</p><p>But school board member Robert Davis says the state has contributed to the district&rsquo;s financial woes by requiring that it close a career academy that enrolled&nbsp;1,500&nbsp;students.</p><p>&quot;Their plan and intent is to fold the Highland park School system into the Detroit Public School system,&quot;&nbsp;Davis said.&nbsp;&quot;That&rsquo;s what this is all about.&quot;</p><p>Highland Park Schools&#39; student population has declined 58%&nbsp;percent&nbsp;since 2006.&nbsp;</p><p>State officials say their objective is to keep the district&rsquo;s doors open through the end of the year. But they say that will be difficult. The district needs a cash infusion of at least $3 million&nbsp;to get through the school year.&nbsp;But the maximum the state is allowed to advance under hardship cases is $2 million.</p><p>The&nbsp;district&#39;s cumulative deficit is&nbsp;$11.3 million. That&rsquo;s about&nbsp;$10,000&nbsp;for every student enrolled.</p><p><strong>12:56 p.m.</strong></p><p>Governor <a href="http://michiganradio.org/term/rick-snyder">Rick Snyder</a> has declared a financial emergency in the <a href="http://michiganradio.org/term/rick-snyder">Highland Park school district</a>, Rick Pluta reports. The district will have a chance to challenge the finding at a January 17th hearing before the governor names an <a href="http://www.michiganradio.org/term/emergency-manager">emergency manager</a>.</p><p>In a statement released today, the Governor says:</p><p><span style="font-family: &quot;Times New Roman&quot;,&quot;serif&quot;; font-size: 12pt;">&ldquo;It is critical that students in the Highland Park School District get the education they need and deserve. For that to continue, the Highland Park School District must have stable finances. Through the comprehensive reviews that have been conducted, it is clear the district faces monumental financial challenges.&rdquo;</span></p><p>On January 4th a state review&nbsp; panel <a href="http://michiganradio.org/post/another-michigan-school-district-financial-emergency-it-what-it">recommended the governor&nbsp;appoint an emergency manager</a> to fix the school district&rsquo;s &quot;financial emergency.&quot; The financial review team had been looking at the Highland Park School District&rsquo;s books since November. Earlier this month, Steve Carmody <a href="http://michiganradio.org/post/another-michigan-school-district-financial-emergency-it-what-it">reported</a>:</p><blockquote><p>The panel&rsquo;s report to the governor finds the school district is $11 million&nbsp;in the&nbsp;red. That works out to about $10 thousand&nbsp;for every student enrolled.&nbsp; The school district&rsquo;s deficit has grown by&nbsp;$3 million in just the last year.&nbsp;The school district&rsquo;s debt&nbsp;has grown,&nbsp;as its student population has fallen. Nearly 3,200 students attended Highland Park schools in 2006. This year, fewer than a thousand students are enrolled.</p></blockquote><p><a href="http://www.michiganradio.org/term/emergency-manager">Emergency managers</a> are already running the <a href="http://michiganradio.org/term/detroit-public-schools">Detroit public schools</a>,&nbsp; as well as the cities of <a href="http://michiganradio.org/term/flint">Flint</a>, <a href="http://michiganradio.org/term/pontiac">Pontiac</a>,&nbsp;Ecorse and <a href="http://michiganradio.org/term/benton-harbor">Benton Harbor</a>. Financial review teams are also looking at <a href="http://mi.gov/treasury/0,4679,7-121-1755_1963-267890--,00.html">Detroit </a>and Inkster&#39;s books. Thu, 12 Jan 2012 22:05:18 +0000 Zoe Clark & Sarah Hulett 5764 at http://michiganradio.org Snyder: Financial crisis exists in Highland Park School District