WUOMFM

nick khouri

steve carmody / Michigan Radio

State officials want Flint’s elected leaders to make a decision “soon” as to whether the city will hook up to the new KWA pipeline.

But city officials say there are questions that need to be answered first.

Construction of the new Karegnondi Water Authority pipeline from Lake Huron to Genesee County should be complete this summer. But more work must be done to connect the city to the new pipeline and that may take months. 

Steve Carmody / Michigan Radio

The state Democratic Party chairman says Michigan’s state treasurer should resign or be fired for his handling of Flint’s water crisis.

Michigan Democratic Party Chairman Brandon Dillon says State Treasurer Nick Khouri made not going back to Detroit water a condition of a deal when the state gave Flint a $7 million loan to get out of debt last April.  

The former Carstens Elementary School building, on Detroit's east side, is one of many, many schools that have been shuttered in Detroit.
Sarah Hulett / Michigan Radio

Michigan’s top treasury official is warning lawmakers to not let the state’s largest district go bankrupt.

A state House panel on Wednesday held its first hearing on legislation to keep Detroit Public Schools from going broke in April.

State Treasurer Nick Khouri told lawmakers bankruptcy would likely cost taxpayers more than twice as much as a state bailout.

“The total cost to the state and others is about $700 million with this package. It’s probably about $1.8 billion or so if the district actually files and we work through bankruptcy,” said Khouri.

 A state panel says Wayne County is in a state of “probable financial stress.” It was a unanimous determination by the Local Emergency Financial Assistance Loan Board. 

Board member and state Treasurer Nick Khouri says now the state will send in a review team to examine the books in Michigan’s most-populous county, which includes the city of Detroit and its suburbs.

Utility executive Nick Khouri will be Michigan’s next state treasurer. But Khouri also comes to the job with a lengthy state government resume – including time as a deputy treasurer.

Khouri was named to the job by Governor Rick Snyder and will start the job next month, a just a few days after the April 15 tax filing deadline. As well as collecting taxes, the state treasurer plays a key role in declaring local governments and school districts in financial distress, and naming emergency managers.