A WAYNE COUNTY EM? STATE FINANCIAL REVIEW TEAM HOLDS PUBLIC MEETING FRI. JULY 10

Michigan Department of Treasury logoContact: Terry Stanton, (517) 335-2167

Media Advisory for Friday July 10, 2015

The Wayne County Financial Review Team, appointed to examine the county’s finances following a preliminary review requested by the County Executive, is scheduled to conduct a public information meeting at 4:00 p.m. on Friday, July 10, 2015.

The public information meeting, required under Public Act 436 of 2012 (Local Fiscal Stability and Choice Act), provides Wayne County residents an opportunity to share their opinions, thoughts, and/or concerns about the county with members of the review team. The review team will not be issuing a report or presenting information regarding its review of the county’s finances during this meeting.

The meeting will be held in the Wayne County Commission chambers on the mezzanine level of the Guardian Building, 500 Griswold Street in Detroit.

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Wayne County Executive Warren Evans requested state review team.

Wayne County Executive Warren Evans requested state review team.

MEMBERS OF REVIEW TEAM

Clarence Stone, director of Legal Affairs for the State Housing Development Authority;

Jeffrey Bankowski, chief internal auditor, State Budget Office;

Tom Davis, deputy director at the Senate Majority Policy Office;

Sharon Madison, owner of design and construction firm Madison Madison International, and

Frederick Headen, legal adviser for the Michigan Department of Treasury. He also was on the financial review team for the city of Detroit that was appointed in December 2011.

The review team has up to 60 days to report to the governor whether a financial emergency exists in Wayne County. State Treasurer Nick Khouri, a member of the Local Emergency Financial Assistance Loan Board, said he expects it to be completed within “weeks, not months.”

Wayne County Executive Warren Evans requested that the state step in on county finances.


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