Governor Rick Snyder signed the controversial Emergency Manager legislation into law late Wednesday afternoon.
The bill gives broad powers to a state-appointed manager assigned to communities and school districts in serious financial trouble. At the capitol signing, the governor said "the goal is to allow the state to intervene at an earlier stage" and avoid a state takeover.
Opponents of the bill say it will jeopardize public employee contracts and take decision making out of the hands of elected officials.
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