Pontiac emergency manager Lou Schimmel is out of office
After nearly five years, the city of Pontiac's financial emergency is officially resolved.
Emergency manager Lou Schimmel resigned yesterday, but the state will still have a heavy hand in the city's finances.
A "transition advisory board" appointed by Governor Snyder will have to approve all major budget decisions.
Lou Schimmel was appointed to that board. He joined us today.
Listen to the full interview above.