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Highland Park the Latest to Make Michigan's "Financial Emergency" List

It's up to Highland Park's leaders how to advance now that Governor Rick Snyder's determined the suburb of Detroit is in a financial emergency.

Michigan's Department of Treasury said the Local Financial Stability and Choice Act leaves Highland Park's leaders with four options. They include Chapter 9 Bankruptcy, a consent agreement with the state, a neutral evaluation or establishment of an Emergency Manager.

The choice has to be made and a resolution passed at the local level by 5 p.m. Monday, May 5th to meet the requirements of Public Act 436.

 

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