For the second time in 14 years, the city of Hamtramck has emerged from a financial crisis with the help of an emergency manager.
Lauren Abdel-Razzaq of the Detroit News reports the state announced Thursday the financial emergency in Hamtramck has been resolved, ending the reign of the emergency manager.
The city will now be under the guidance of a transition board, the paper reports.
Cities like Hamtramck, which have been under emergency managers, have been overshadowed in recent times by news about Detroit's emergency manager.
The News writes:
Cathy Square was appointed as Hamtramck emergency manager in June 2013 to address a $2 million shortfall in the city’s $5.6 million budget; $1.4 million of the deficit was money the city owed to its pension system.
Square said that after a year and a half, the city has an unaudited fund balance of $3 million.
