Governor Rick Snyder of Michigan
The Local Financial Stability and Choice Act -- A Whole New Way to Solve Financial Emergencies
PROBLEM: Some of Michigan's municipalities and school districts are sinking in debt. There are schools that have struggled to keep their doors open, cities that can't keep police on the street, and hardworking teachers and other public servants who haven't been paid.
SOLUTION: New tools that let local governments step outside the box and take action.
WHAT IT'S ALL ABOUT: Emergency Powers in the Hands of the People
In November, Lansing heard the voice of the people, and their message was loud and clear. They weren't happy with Michigan's emergency manager law -- a.k.a., Public Act 4 -- and they wanted a change.
So we started over from scratch, tore the engine apart, and built a new emergency manager law in line with what the people want. The basis of the new law is just that ----- it's all about putting power in the hands of local communities, giving them the tools they need to step outside of the box and take action to solve their financial emergencies.
Here's how the new emergency manager law works
Step One: Is There An Emergency?
Step Two: Local Officials Decide
Step Three: Emergency Actions Taken
Step Four: Problem Solved