With
a newly restructured city bureaucracy, the City of Pontiac emerged from
financial emergency status Monday. Elected officials have been restored to
power; however, the city remains accountable to a state-appointed transition
board.
Former
Governor Jennifer Granholm first declared a financial emergency and appointed
the first manager. Four years and several managers later, the emergency was
declared resolved by Governor Rick Snyder.
The
transition board is composed of outgoing emergency manager Lou Schimmel,
Oakland County deputy executive Robert Daddow, Department of Treasury Office of
Financial Responsibility administrator Ed Koryzno, and Rochester Hills finance
director Keith Sawdon.
Under
Public Act 436, the financial emergency law, the transition board has
considerable authority to veto decisions of the elected city officials.