Tuesday, Aug. 1, 2017
LANSING, Mich. – Today’s announcement of the termination of the Receivership Transition Advisory Boards for the cities of Lincoln Park and Pontiac marks a new day as these communities regain local control of operations and finances, and continue on a path toward long-term financial stability, said Gov. Rick Snyder.
RTABs were appointed for both cities to oversee their transitions from emergency management back to local control, as they worked to recover from financial emergencies.
“Under the guidance of the RTABs, both Lincoln Park and Pontiac have made significant progress to right their finances and build solid, fiscal foundations for their communities,” Snyder said. “This is a great achievement for the cities and demonstrates that through collaboration and focusing on economic development, this system can work to ensure a more stable, prosperous future and better quality of life for all Michiganders.”
Both cities have seen a remarkable economic turnaround.
Effective immediately, city leadership has full local control and will manage all internal operations and finances without state oversight.