Some communities avoid financial managers through bailouts!

[Detroitnerd]

Well, isn't that neat? A nice trick. They were so busy giving away free money to their developer friends that now they're going to get bailed out.

I'd rather have bailouts for services for people who actually live here, not so a bunch of unused sewer systems can sit in the ground...

[bailey]

Well, isn't that neat? A nice trick. They were so busy giving away free money to their developer friends that now they're going to get bailed out.

I'd rather have bailouts for services for people who actually live here, not so a bunch of unused sewer systems can sit in the ground...

silver lining to this is that its open to any community after failing to pass as originally planned [[which restores my faith, if only a little bit that someone in Lansing was paying attention)... and could, if I'm reading this right, right the ship in the affected communities a lot faster.

Harris’ plans include a 5-year deficit elimination plan and an application for a $7 million loan from the Michigan Department of Treasury. The loan is part of House Bill 5566 that provides low interest loans to struggling cities. If accepted, it would eliminate Benton Harbor’s deficit and pay off debts to vendors and pensions.
“It would be a game-changer for the city,” said [Benton Harbor Mayor James] Hightower, who likened the loan to paying off credit card debt with a student loan. “This bill was actually created with Benton Harbor in mind.””