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Tue January 31, 2012
Inkster financial review team gets more time to look at city's books
The team appointed by Governor Snyder to examine the city of Inkster’s financial records is getting a little more time to finish its work.
A preliminary state review of Inkster’s books found the city was in ‘probably financial stress’. The review found city officials proposed unrealistic budgets and failed to make budget revisions in a timely manner. The result: a multi-million dollar budget deficit.
The governor appointed a review team to take a closer look early in December. Monday, the panel asked for and received permission to take another 30 days to complete its work.
The city has been trying to reduce its spending, including laying off police officers.
Ultimately the governor will decide if an emergency manager is needed to fix Inkster’s financial problems.
Emergency managers are currently in place in Flint, Pontiac, Benton Harbor, Ecorse and in two Michigan school districts.