State officials have appointed emergency managers for nine Michigan municipalities and school districts, effectively limiting the authority of elected officials. Another two cities are under consent agreements, while three schools are under review.
Information in the map below is current as of August 2013.Source: Michigan Treasury Department
This week's roundup of money (and other) news governments can use.
Camden, N.J., one of America's poorest cities, has received hundreds of millions of dollars in state aid to keep it going. Yet by most measures, it's still failing.
Michigan Gov. Rick Snyder declared a financial emergency Monday in Hamtramck, a step that could lead to the appointment of an emergency manager.
As Detroit braces for the appointment of an emergency manager, it can look at half a dozen municipalities to see how life has changed under these state-appointed advisers who take control of cities on the brink of bankruptcy.