The financial emergency in the city of Flint has been resolved and a Receivership Transition Advisory Board has been appointed to ensure a smooth transition to local control and continued financial stability for the city, Gov. Rick Snyder said.
“I was pleased to receive and accept Jerry Ambrose’s recommendation that the financial emergency in Flint has been sufficiently addressed,” Snyder said. “This is a new day for Flint and the city is ready to move toward a brighter future. These are important steps as we work together to transition back to local control in the city.”
Snyder said Ambrose, and those who preceded him, worked diligently to finalize several critical reforms in the city, so it can return to local control. The Receivership Transition Advisory Board appointed today will work closely with local leaders to ensure Flint continues on a path toward long-term financial stability.
Ambrose notified the governor Tuesday of his determination, noting numerous accomplishments in Flint since a financial emergency was declared in November, 2011:
Ambrose had previously enacted a two-year budget for the city and issued his final order as emergency manager this morning. The order outlines responsibilities of elected officials and their collaboration and cooperation with the RTAB.
The new board includes:
“I am very pleased to appoint such distinguished people to this important post,” Snyder said. “Each of these people cares deeply about the future of this great city and I’m certain they will work closely with Mayor Walling and city council members to move Flint forward and maintain a strong financial path.”
For more information about Public Act 436 of 2012, the Local Financial Stability and Choice Act, visit the Local Government Fiscal Health page on the Department of Treasury’s web site at www.michigan.gov/treasury.