Scott Kincaid

Flint's budget balanced, but multimillion-dollar deficits loom

Steve Carmody — Mon, 20 May 2013 21:01:00 +0000

Flint’s emergency manager is delivering a balanced budget for next year, but the future may not be as bright.

The city of Flint is closing out its current fiscal year with a balanced budget. Emergency Manager Ed Kurtz says next year’s budget should be balanced as well. City officials gave state Treasury Department officials a briefing on the budget, before showing Flint’s city council the plan.

Flint city council members expressed concern that the proposed FY2014 budget is a little too tight.

Flint's new emergency manager says city does, in fact, need an EM

Tracy Samilton — Mon, 27 Aug 2012 22:20:16 +0000

Flint's new emergency financial manager disagrees -- strongly -- with recent assertions by the city council's president that Flint doesn't need an emergency financial manager anymore. 　

Ed Kurtz was Flint's Emergency Financial Manager a decade ago. He says the city is in much worse shape than the first time he was in charge.

The city has $19 million of debt, and nearly $1.5 billion in underfunded pension and retiree health care costs.

Flint's City Council President says the city's finances are stable, no EM needed

Jennifer White and Mercedes Mejia — Tue, 07 Aug 2012 20:44:49 +0000

The referendum on Public Act 4, Michigan’s Emergency Manager Law is now slated to appear on the November ballot. Once the question is formally placed on the ballot, PA4 would be suspended.

Gov. Snyder and Michigan Attorney General Bill Schuette both say that the state will then revert to Public Act 72, the Emergency Financial Manager Law for cities and schools currently under state control.

But Flint’s City Council President, Scott Kincaid says Flint doesn’t need an emergency financial manager.