Here comes aNOTHER one, just like the OTHER one
Another Michigan city staring down the barrel of an Emergency Manager: Taylor, Michigan.
A general fund deficit of $1.7 million was discussed, which the audit found of the fiscal year ending June 30, 2011.
An even bigger topic was a letter from the State Treasurer office the city received Thursday issuing a 30 day period to devise a financial plan to reduce the deficit.
If a “realistic financial plan” isn’t presented to the state by then, the state will move toward placing an Emergency Financial Manager in the city.…