Is There An Emergency Manager in Bob Ficano's Future?
Wayne County is showing its own signs of alarm when it comes to finances, the Detroit Free Press reports.
The county already shows three red flags that are drawing scrutiny from Michigan Treasury officials: chronic annual deficits, overspending and bond-rating downgrades.
The treasury officials could recommend state intervention like the one Detroit is experiencing.
Reporter John Wisely writes that despite recent boasts from County Executive Robert Ficano about running a small surplus last year, the county heads into a new budget cycle with a $155-million cumulative deficit, rising costs and falling revenues.