Elizabeth Campbell
Bloomberg News - Wayne County moved closer to state oversight after Michigan Gov. Rick Snyder affirmed the county’s financial emergency status Thursday. The confirmation came eight days after Snyder said he agreed with a state review team that found a fiscal crisis in the county amid budget shortfalls and rising pension costs. The governor’s move gives the county commission seven days to choose one of four options: a consent agreement, mediation, an emergency manager or a Chapter 9 bankruptcy. The
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