BusinessWeek:
Hundreds of people angered by bills that would give broad new powers to emergency financial managers crowded into Michigan's Capitol rotunda on Tuesday, chanting loud enough to be heard in the Senate where the proposals were being considered....
.....The demonstrators are concerned that the legislation could allow emergency financial managers who are appointed by the state to run struggling cities and schools to terminate union contracts held by school teachers and local government workers and also strip local elected officials of most powers.....
....The rallies are expected to continue. Senior citizens are planning to gather at the Capitol next Tuesday to protest Snyder's plan to tax pensions as a way to raise $900 million and help pay for a deep cut in business taxes.
In declaring a fiscal emergency, an emergency financial manager would take over the tasks of elected officials in a city, county, or school district. As an article in the Detroit Free Press notes:
....Gov. Rick Snyder and other backers of the bills say they're needed to deal with what could be a glut of insolvent cities and school
Is Snyder setting up the cities and schools districts to fail just after he cuts their aid?
