eric scorsone

Stateside
5:12 pm
Thu April 10, 2014

What can other communities learn from the financial emergency in Royal Oak Township?

Credit Michigan State University

The latest Michigan community to fall into financial collapse is the tiny half-square mile community of Royal Oak Township, in Oakland County.

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.

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.

Eric Scorsone, municipal finance expert from Michigan State University, joined us today.

Listen to the full interview above.

Stateside
5:33 pm
Mon July 22, 2013

Navigating the 'uncharted territory' of Detroit's bankruptcy

Eric Scorsone, MSU Extension specialist and economist.
Michigan State University

An interview with Eric Scorsone, economist with Michigan State University.

No matter who is commenting or offering expert opinion on the Detroit bankruptcy, everyone seems to agree on the fact that this is "uncharted territory." And that's about all they can agree on.

Take the speed of the bankruptcy: you can find experts who predict a slow, tortuous process. And just as easily, you'll find predictions that Kevyn Orr will move this bankruptcy faster than anyone expects.

And, did Kevyn Orr and Governor Snyder have any other options to help Detroit back to financial stability?

And what does this all mean for other cities in Michigan and the state's economy?

So many questions, so many opinions. That's why we were very glad to welcome into the studio Eric Scorsone, economist with Michigan State University and an expert on the ins and outs of government finances.

Listen to the full interview above.

Politics
4:40 pm
Fri February 3, 2012

Is bankruptcy a good option for Detroit?

Eric Scorsone, MSU Extension specialist and economist.
Michigan State University

The city of Detroit continues to try to find a way out of its fiscal crisis.

A new report led by Michigan State University economist, Eric Scorsone, examines the impact of a bankruptcy on the city – something Governor Snyder, the legislature and the city leaders want to avoid.