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Detroit exits active state financial oversight for first time in 40 years

MAY 1, 2018 | by Roz Edward | MICHIGAN CHRONICLE ONLINE

By Roz Edward, includes “The State Financial Review Commission, which was created in late 2014 to oversee Detroit’s finances as it emerged from bankruptcy, voted unanimously today to end active oversight after the city delivered its third consecutive audited balanced budget. … Not only does the end of active state oversight signal the end of the last vestige of the city’s bankruptcy, it brings to an end a 40-year stretch where some aspect of city government was under the oversight of a state or federal entity …” 
 

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