Introduced
by
To add to the conditions that can trigger a state review of a local government or school district’s finances, and the appointment of an “emergency financial manager” (EFM) to ones that are approaching in insolvency. The EFM would have many more powers than under current law, including the power to cancel existing government or school union collective bargaining agreements and other contracts. School EFMs would also have authority over academic matters. The EFM could also order new borrowing, or put a property tax millage increase on the ballot.
Referred to the Committee on Education
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Referred to the Committee on Education
