Gov. Snyder: Financial Emergency Over in Pontiac

FILE - In this file photo taken Dec. 11, 2012 Gov. Rick Snyder speaks at a news conference in Lansing, Mich. Early forecasts suggest that the political climate at the Michigan Capitol will be chilly when lawmakers return in January. A slightly larger bloc of Democrats in the state House won't be enough to overcome majority Republicans or the GOP grip on the Senate and governor's office. But the party out of power remains bitter about a legislative landslide in the final working days of 2012 that included sending nearly 300 bills to Gov. Snyder and transforming labor bastion Michigan into the nation's 24th right-to-work state. (AP Photo/Paul Sancya, File)
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PONTIAC, Mich. (AP) -- Gov. Rick Snyder says the financial emergency in Pontiac is moving to an end with the appointment of a transition board to move the city from state control back to elected self-government.
Snyder said a statement Monday that he's "pleased to see Pontiac emerge as a financially stable city and return to local control."
Pontiac emergency manager Lou Schimmel notified the governor Friday that the city of 60,000 is ready to leave state control.
Snyder says Schimmel enacted a two-year budget and "will continue to be involved in Pontiac" as a member of the transition board.
Pontiac's finances have been under state supervision since 2009.
Detroit, Ecorse, Benton Harbor, Allen Park and Flint remain under the control of state-appointed emergency managers.

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