Pontiac Finances Getting Worse

By: AP
By: AP

Pontiac's emergency financial manager says the struggling city's finances are getting worse.
Detroit Free Press reports that Michael Stampfler detailed the setbacks in a letter dated Wednesday addressed to taxpayers. They include that tax revenues are expected to drop by $2.6 million this year and state revenue sharing is expected to fall by $2 million.
Stampfler says that even if the city lays off every employee it still would be $1.5 million in deficit.
Pontiac on Monday received state approval to cancel union contract protections for 10 police dispatchers as part of a cost-cutting effort that includes cutting the police department. The contract may be voided under the state's new law expanding powers for emergency financial managers.
Pontiac's law enforcement will be handled by the Oakland County sheriff's department.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Anonymous on Jun 9, 2011 at 07:55 AM
    People hate those new emergency financial managers, but those contracts were impossible to complete before the cuts.
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 123533224 - wilx.com/a?a=123533224
Gray Television, Inc.