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Financial Emergency declared in Hamtramck

Michigan Governor Rick Snyder holds a news conference to talk about why he signed into law, earlier in the day, right-to-work laws in Lansin
Michigan Governor Rick Snyder holds a news conference to talk about why he signed into law, earlier in the day, right-to-work laws in Lansin

HAMTRAMCK (WKZO) -- Governor Rick Snyder has declared a financial emergency in Hamtramck, in what could be the first step toward the appointment of an emergency manager.

City officials asked the state for the review of their finances, which found Hamtramck with an over three-million dollar general-fund deficit and 1.6-million dollars in delayed contributions to the pension fund.  Under the new emergency manager law, an emergency manager could be appointed, the city could go into a consent agreement with the state or declare Chapter 9 bankruptcy.

Hamtramck had an emergency manager in place from late 2000 until 2007.

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