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Study
Fiscal Distress at Inception of Receivership
By
Robert Daddow
, published on Dec. 1, 1993
Contents
Background
Shortly After the Issuance of the Judgment Bonds
Operations - Budget to Actual Comparisons
Use of Restricted Funds
Condition of Accounting Records
Building Authority
Litigation
Insurance
Infrastructure Maintenance
26th District Court
Summary
Ecorse: The Fall and Rise of a Michigan City
Introduction
History Preceding the Receivership
Fiscal Distress at Inception of Receivership
Background
Shortly After the Issuance of the Judgment Bonds
Operations - Budget to Actual Comparisons
Use of Restricted Funds
Condition of Accounting Records
Building Authority
Litigation
Insurance
Infrastructure Maintenance
26th District Court
Summary
Actions Taken by Receiver
Post-Receivership Status
Conclusion
Appendix A
Appendix B
Appendix C
More by Robert Daddow
A Perfect Storm: Batten Down the Hatches or Drown (MPR)
Fiscal Storm Clouds Gathering: State Has Solved Little
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