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  1. #1

    Default Former Pontiac Emergency Financial Manager doesn't think EMs can be successful

    "I do not believe EMs can be successful," Stampfler said. "They abrogate the civic structure of the community for a period of years then return it virtually dismantled for the community to attempt to somehow make a go of it. The program provides no structure for long term recovery, and that is why most communities slide back into trouble, if they experience any relief at all–a vicious cycle. The public act is not sufficient and the state bureaucracy isn't up to a performance offering any significant success, as can be noted from the communities repeating."


    http://wyandotte.patch.com/articles/...law-is-failing

  2. #2

    Default

    ...for how long was he the EM of pontiac?

  3. #3

    Default

    Since Pontiac didn't go bankrupt, he was successful.

    The case for more lasting reforms beyond the purpose of the EM law is quite easy to make. Seems like every EM after stablizing the city's finances says that they don't think the city goverment has really reformed, and that they're likely to end up back in trouble. That's the real problem with local governments. How to make them responsive, professional, and affordable.

  4. #4

    Default

    "Since Pontiac didn't go bankrupt, he was successful. "

    Who said Pontiac was going to go bankrupt?

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