Tagged: Scott Kincaid

Politics & Government
5:01 pm
Mon May 20, 2013

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

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.

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Politics & Government
6:20 pm
Mon August 27, 2012

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

Credit City of Flint
Flint Emergency Financial Manager Ed Kurtz

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.

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Newsmaker Interviews
4:44 pm
Tue August 7, 2012

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

Credit Michigan Municipal League / Flickr

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.

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