I used the quote from Council Chair Baron as the Title of this post.
HEIGHTS – City officials are working on a deficit reduction plan to balance the city’s financesand avoid the possibility of an emergency financial manager.
The proposed plan followed the city’s Dec. 22 submission of an audit report to the state’s Department of the Treasury which revealed a $5 million general fund deficit.
The plan still needs to be reviewed by the state’s Treasury Department before it can be implented. If the plan is rejected, the city could face possible takeover by an emergency financial manager. Baron said an EFM is unlikely because of actions to correct the deficit, including sharing information technology services with Dearborn and the Nov. 8 voter approval of a Headlee Amendment override. He expects a deficit reduction plan in place in the next three months. Source:Down River Sunday Times.