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State wins Appeal, will take over Flint's finances. (News Briefs).(Brief Article)

Government Finance Review

| October 01, 2002 | COPYRIGHT 2002 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

In August, the Michigan Court of Appeals overturned a July ruling by a lower court that the state did not properly consider the City of Flint's arguments against a state financial takeover. The decision paves the way for a state financial manager to assume control of the beleaguered city's finances. Following a review team's July finding that Flint officials were incapable of managing the city's finances, the state's Local Emergency Financial Assistance Loan Board voted to wrest control of ...

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